Maryland Residential Lease Agreement with Option to Purchase

Maryland landlords, grant your tenant an option to purchase their rental property with this Residential Lease Agreement with an Option to Purchase.

The lease is for a fixed term, which should be no less than 2 years. THIS IS NOT A CONTRACT TO BUY.

The Option to Purchase portion of the Agreement contains provisions governing how the option can be exercised, including:

a portion of the rent will be applied towards the purchase price, after a specified number of months in the lease term have been completed,
fair market value of the property will be mutually determined by the parties,
the purchase option is null and void if the tenant breaches the lease,
the tenant may exercise the option before the exercise date if he/she has the funds to complete the purchase.

This Maryland Residential Lease with Option to Purchase is a fully customizable MS Word form.