Rhode Island Rent-to-Own Lease Agreement

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Updated April 15, 2022

A Rhode Island rent-to-own lease agreement lets a tenant rent a home for a fixed period while granting an option to buy. Prior to signing a lease, the landlord and tenant will negotiate the terms of an agreement. If the tenant agrees to buy the property during the lease period, commonly a purchase agreement will be signed.

Rental Application – To be used by a landlord to verify a tenant’s credentials and employment.