An Oregon rent-to-own lease agreement establishes a standard lease arrangement between a landlord and a tenant, but it also includes an option for the tenant to buy the property. It outlines the standard elements of the lease agreement, including but not limited to monthly rent, deposits, and responsibilities. The option to purchase the property comes next and explains the arrangements, requirements, and purchase price negotiated by the tenant and landlord. The tenant usually pays the monthly rent until they are ready to purchase the property. In some cases, paid rent can apply to the purchase price of the property. The landlord in a rent-to-own transaction is required to issue certain disclosures per Oregon law.

Seller Disclosures

Use these when the tenant decides to purchase the property.

Lead-Based Paint Disclosure – This is required for any property that was constructed prior to 1978.

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Seller’s Property Disclosure Statement (ORS 105.464) – This discloses defects with the property.

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