A Maine rent-to-own lease agreement is a contract between a landlord and a tenant for the lease of a property that includes an option to purchase the property. Tenants and landlords can negotiate terms including price and when the option will become available. Rent-to-own arrangements are often found in situations with long-lasting tenants in a home or apartment. Landlords may be able to receive a premium in the rental rate in return for including the option to purchase the property in the future.

Seller Disclosures

To be used if the tenant decides to buy the property.

Lead-Based Paint Disclosure – Required if the dwelling unit on the property was constructed before 1978.

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Seller’s Property Disclosure Statement – Landlords use this form to note issues with property before transfer.

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