Updated April 14, 2023
A Tennessee rent-to-own lease agreement contains both a standard lease and an option for a tenant purchase the property during the lease period. The lease is a standard agreement that includes negotiated terms on how the tenant can buy the property. The landlord will want to vet the tenant and verify they can purchase the property and pay the monthly rent.
Rental Application – To be used by the landlord to run a credit report and conduct a public record search.