Wyoming Lease Agreement with Option to Purchase Form

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The Wyoming Lease Agreement with Option to Purchase is a legal document that would be prepared between a landlord and tenant, that will initially perform as a lease agreement but will provide a window within the agreement that the tenant(s) will have the opportunity to purchase the property that they are currently renting. The tenant(s) must be cautious to read all portions of the agreement carefully. If for any reason the tenant(s) are unsure about the meaning of any part of the agreement, they may consider acquiring the services of an attorney to advise and/or representation.

How To Write

Step 1 – Parties – Enter the information required:

  • Date the document in mm/dd/yyyy format
  • Enter the name(s) of the Seller(s)/Landlord
  • Enter the name(s) of the Buyer(s)/Tenant(s)
  • Provide the city where the property is located
  • Provide the name of the county where the property is situated
  • Provide the street address of the rental property
  • Read the remainder of the section

Step 2 – Rent – Provide:

  • Enter the amount that would be paid annually
  • Enter the amount of the monthly installment (rental) payments
  • Provide the day of each month when the rent is due
  • Landlord must enter the amount of the security deposit

Step 3 – Utilities and Services – Enter:

  • The utilities and services that the tenants would be responsible to pay
  • Specify any utilities or services that the landlord would pay and include in the rent
  • Tenant(s) must read the entirety of the remaining portion of this section

Step 4 – Option Term – Landlord must enter the following:

  • The commencement date in mm/dd/yyyy format
  • The expiration of the agreement in mm/dd/yyyy format

Step 5 – Titled Sections – Tenant(s) must read and agree to the remaining portions of the agreement:

  • Notice Required to Exercise Option (to purchase)
  • Option Consideration (landlord must enter the non-refundable fee to be paid to landlord with option notice)
  • Purchase Price (landlord must enter the agreed purchase price)
  • Exclusivity of Option
  • Closing and Settlement
  • Financing Availability
  • Financing Disclaimer
  • Remedies Upon Default
  • Commission
  • Recording of Agreement
  • Timing
  • Governing Law and Venue (landlord must enter the county in which any disputes may be heard)
  • Option to Purchase Controlling
  • Entire Agreement

Step 6 – Signatures

  • Seller(s)/Landlord(s) Signature(s)
  • Seller(s)/Landlord(s) Printed Name(s)
  • AND
  • Buyer(s)/Tenant(s) Signature(s)
  • Buyer(s)/Tenant(s) Printed Name(s)
  • AND
  • Agent’s Signature
  • Agent’s Printed Name
  • AND
  • Witness’ Signature
  • Witness’ Printed Name

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