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The Rent To Own Lease Agreement serves as a solution for potential buyers who need time to build credit or save for a down payment while securing their interest in a property. This document is commonly used when a buyer wants to occupy a property immediately but isn't ready for immediate purchase. The agreement outlines rental terms, purchase option details, maintenance responsibilities, and how rent payments contribute to the eventual purchase. It must comply with U.S. federal housing laws and state-specific real estate regulations, including the Truth in Lending Act and Fair Housing Act.

1. Parties: Identification of landlord/seller and tenant/buyer with full legal names and addresses

2. Background: Context of the agreement and property description

3. Definitions: Key terms used throughout the agreement including defined terms for rent credits, option fee, and purchase price

4. Property Description: Detailed description of the property including address, legal description, and included fixtures/fittings

5. Term and Payments: Duration of lease, payment schedule, and purchase option terms including rent credits

6. Purchase Option Terms: Details of how and when the purchase option can be exercised, including purchase price calculation

7. Maintenance and Repairs: Responsibilities for property maintenance and repairs during the lease term

8. Default and Remedies: Consequences of default and available remedies for both parties