A Nevada rent-to-own agreement is a legal document that contains both a traditional lease agreement between a landlord and a tenant and a purchase option that allows the tenant to buy the property from the landlord at a point in the future. Like other lease agreements, the landlord and tenant may negotiate the terms, subject to state law. The purchase option will usually come in a separate section and will contain a price negotiated ahead of time that the tenant may choose to pay when the purchase window arrives.
Seller Disclosures
These forms are required if the sale goes forward.
Lead-Based Paint Disclosure – Sales of properties with dwelling units built before 1978 must, under federal law, disclose information about the risks of lead-based paints.
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Seller’s Real Property Disclosure Form – Per Nevada Revised Statute NRS 113.130, sellers must complete and deliver this disclosure of property conditions before a sale is completed.
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