Updated April 14, 2023
A Wisconsin rent-to-own lease agreement includes a standard rental agreement as well as providing a tenant wiht the option to buy the property during the lease term. If the tenant does not elect to buy, the tenancy will continue as a standard lease with no obligation to either party at the end of the term. On the other hand, the lease will convert to a purchase contract if the tenant does decide to buy the property.
Rental Application – Allows a landlord to verify a tenant’s credentials by obtaining their personal details and consent to run a consumer report.