What is a rent-to-own option agreement?
Alongside a lease, a landlord gives the tenant the option to buy the home at an agreed price — the option fee, any rent credits, the option period, how to exercise it and what happens if it is not used. Start from this template in FileIt eSignature: fill in the blanks, add the people who sign, and send it. Everyone signs online and the signed PDF is filed in your vault.
What you fill in
14 blanks, then the name and email of each person who signs: owner, tenant-buyer.
1 The parties
- Date of this agreement*
- Owner name(s)*
- Tenant-buyer name(s)*
- Property address*
- Legal description or title number (optional)
- Date of the lease*
2 The option
- Currency*
- Option fee*
- Purchase price*
- Option can be used until*
- Rent credit (optional)
- Days between exercising the option and completion*
3 Other terms
- Who handles repairs during the lease* as set out in the lease, and this Agreement does not change them · the Tenant-Buyer is responsible for minor repairs and routine maintenance up to the amount set in the lease, and the Owner for structural repairs, major systems and anything the law makes the landlord's responsibility
- Governing law*
4 Who signs
- Owner signature and date, initials on every page · The owner and landlord of the property. If it is owned jointly, all owners should sign.
- Tenant-buyer signature and date, initials on every page · The tenant who receives the option to buy. If several tenants hold the option together, send a copy to each.
What the rent-to-own option agreement covers
- The option
- Option fee
- Rent credit
- Using the option
- If the option is not used
- During the Option Period
- Owner unable to sell
- Recording and advice
- General
Sign it online in minutes
- Fill in the blanks. Names, dates and amounts go straight into the agreement — the preview shows exactly where.
- Name who signs. Tick “This is me” for your own part. FileIt builds the PDF with every signature, date and initials box on the right line, and you can check or move anything before sending.
- Send it. Each signer gets a secure link and signs from any device — no account needed. The signed PDF, with an audit trail and a Certificate of Completion, is filed in your vault and emailed to everyone.