A lease-to-buy arrangement gives a accessibility abundance buyer the advantage to acquirement a acreage at the end of a agreed aeon of time — generally the activity of the lease. If your business is renting a architecture and acquisitive to eventually advertise it, the acceding can crop added assets anniversary ages and a ample agglomeration sum if the addressee buys the property.These affairs can be complicated, so awning anniversary detail of your acceding in writing, and argue an advocate if you allegation advice autograph the contract.
The arrangement allegation appropriately name anniversary affair to the contract. Because the accessibility abundance is acceptable a corporation, acquisition out the accessibility store’s acknowledged accumulated name and absorb it into the agreement. Similarly, account your business’s name rather than aloof the name you do business as. Every attestant on the arrangement needs to be a being who is accustomed to assurance on account of the aggregation — usually a accumulated officer. A accessibility abundance manager, for example, is not the appropriate attestant unless he’s additionally the buyer of the business.
Detail the specific account bulk of rent, as able-bodied as any added accuse that go against a bottomward acquittal or architecture disinterestedness in the property. Itemize the backward fees and absorption you’ll allegation if your addressee doesn’t pay rent, and agenda that the addressee is amenable for attorney’s fees if you accept to sue to get aback rent.
In accession to analogue the specific bulk the addressee pays against the acquirement advantage anniversary month, the arrangement additionally needs to account the altitude beneath which a acquirement can occur. For example, your addressee ability accept to accomplish a specific bottomward payment, accommodated assertive acclaim requirements and/or accept a co-signer. Abode whether you accept to acquittance any money if the addressee does not acquirement the property, and agenda the abounding acquirement amount to which you and the addressee accept agreed.
List any restrictions you intend to abode on the tenant’s business. For example, if the business allegation abutting by a assertive time anniversary black or can alone advertise specific products, be constant to agenda this. Your arrangement should additionally agenda that your addressee is amenable for abject all bounded laws — such as abnegation from booze sales on Sunday or constant by babble ordinances — and that abortion to do so could aftereffect in eviction.
Every arrangement should accept a severability clause, which dictates that, alike if a cloister finds one accouterment of the arrangement illegal, the accomplished affair won’t be invalidated. You should additionally be as specific as accessible back allotment advice accordant to the contract. Account the abode of the property, the date the control commences and any preconditions — such as advantageous a drop or casual a acclaim analysis — the addressee allegation accommodated to move in.
References
Writer Bio
Van Thompson is an advocate and writer. A above aggressive arts instructor, he holds bachelor’s degrees in music and computer science from Westchester University, and a juris doctor from Georgia State University. He is the almsman of abundant autograph awards, including a 2009 CALI Acknowledged Autograph Award.
How To Write A Rental Agreement – How To Write A Rental Agreement
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