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Texas Rent-to-Own Lease Agreement

A Texas rent-to-own lease agreement produces a traditional lease arrangement between a landlord and a tenant that has an option for the tenant to purchase the property. It is made up of the standard features of a traditional lease agreement, including but not limited to monthly rent, deposits, and responsibilities. Then the option to purchase the property explains the arrangements, requirements, and purchase price settled by the tenant and landlord. The tenant usually pays monthly rent until they are ready to buy the property. Depending on negotiations, the rent paid can apply to the purchase price. The landlord in a rent-to-own transaction needs to issue certain disclosures per Texas law.

Seller Disclosures

Provide when the tenant decides to buy the property.

Lead-Based Paint Disclosure – Sellers have to supply buyers with this disclosure when selling any property built before 1978.

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Seller’s Disclosure Notice (§ 5.008) – The seller is required to use this disclosure to inform the buyer of any and all damages to the property.

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