A Massachusetts rent-to-own agreement is a contract between a landlord and a tenant that allows for a traditional lease of a property, and also includes an option for the tenant to purchase the property. As with a standard lease agreement, the provisions will be determined by a mix of applicable state laws and negotiation between the landlord and the tenant or tenants. When it comes to the tenant’s option to purchase the property, the parties should consider when the option will become available, and how long it will be available, and what the tenant owes in return for being given the purchase option.

Seller Disclosures

Should the sale end up moving forward, the landlord must provide the following.

Lead-Based Paint Disclosure – Federal law requires the use of this form for properties with dwelling units built prior to 1978.

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Title Five Addendum – This form is required if a septic tank is present on the property

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Property Disclosure Statement – Although not technically required, this form provides a comprehensive listing of property conditions.

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