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Pennsylvania Rent-to-Own Lease Agreement

A Pennsylvania rent-to-own lease agreement is between a landlord and a tenant to rent a property with an option for the tenant to purchase. If the tenant decides to buy, a purchase contract will usually be written in accordance with the negotiated terms. If the tenant does not buy, the lease will terminate normally.
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Pennsylvania Laws

Requirement to Record: Not required to be recorded.[1]

Expiration: Constructive notice does not expire by statute.

Maximum Term: There is no maximum term for a lease with an option to purchase.

No Duration: If no duration is set for the option, it will expire automatically with the lease.

Signing Requirements: Must be in writing and signed by the seller.[2]

Required Disclosures (1)

1. Lead-Based Paint Disclosure & EPA Pamphlet – Properties built before 1978 may have lead-based paint on the walls or ceiling. Their landlords are required to disclose this to new tenants.[3]

Seller’s Disclosures (1)

1. Seller’s Property Disclosure Statement – Sellers are required to complete this property disclosure and provide it to buyers before signing a purchase and sale agreement.[4]

Sample

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