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Florida Rent-to-Own Lease Agreement

A Florida lease-to-own lease agreement is a widely-used document for conveying a rental tenancy with an option to buy. The tenant under this type of lease can, at any given moment during the defined term, exercise the right to purchase the property they currently occupy. Before the tenant decides to opt into the buy clause, the lease will act similar to a standard agreement that permits a landlord to rent their residential space to a paying renter. Both parties must fulfill their contractual roles as dictated by the contract, both before or after the option to own is explored. Among its many items, the lease contains information on both the tenancy terms and purchase conditions, including the agreed-upon costs for monthly rent and the total purchase price of the real estate.

Seller Disclosures

The following two (2) disclosure forms must be presented to the buyer prior to the finalized purchase. Note that some disclosures may only apply to certain types of property.

Lead-Based Paint Disclosure – Sellers of properties built prior to January 1st, 1978, must disclose any information regarding lead-based paint to buyers.

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Seller’s Property Disclosure Form (Johnson v. Davis, 480 So.2d 625) – A seller of a residential property must disclose facts materially affecting the value or desirability of the property. Such material defects that must be reported are typically not readily observable or known to the buyer.

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