Nevada Rent-to-Own Lease Agreement

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Updated April 16, 2022

A Nevada rent-to-own lease agreement allows a landlord to offer a property for rent while also giving a tenant the right to purchase. The landlord will undergo the same screening process prior to signing a lease and review the tenant’s financials. After determining the tenant has the funds to purchase, an agreement should include the monthly rent amount and terms of a sale. If a sale is to occur, the parties should convert the lease to a purchase agreement.

Rental Application – Used by a landlord to obtain the tenant’s personal information and consent to run a credit and background check.