Updated April 14, 2023
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.