Example of a Residential Lease with an Option to Purchase

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Example of a Residential Lease 

with Option to Purchase 

About this Tool 


This example of an agreement between a developer and a lease-

purchaser is intended to illustrate how NSP grantees, subrecipients 

and developers are using lease-purchase programs. It is intended 

to be used with the following companion documents: “Sample 

Residential Lease with Option to Purchase, Annotated” and its 

attachments: “Move in Notice (Guideform Notice to Prospective 

Tenant),” “Lease-Purchaser Guide,” and “Maintenance Checklist,” 

“Sample Lease-Purchase Policies and Procedures Manual,” 

“Sample Lease-Purchase Developer Agreement,” “Sample Lease-

Purchase Financial Pro Forma,” and “Guidance on Lease 

Purchase Qualification Criteria.” 

How to Adapt this Document: 

This document provides an example of a residential lease with an 

option to purchase, and is not intended to be used as-is. NSP 

grantees should determine if the underlying program design is 

suitable for their own circumstances. For further guidance, NSP 

grantees should consult the series of sample NSP Toolkit 

documents that are listed above. 

Source of Document: 

This document was developed by Colorado Rural Housing 

Development Corporation. 


This document is not an official HUD document and has not been 

reviewed by HUD counsel. It is provided for informational purposes 

only. Any binding agreement should be reviewed by attorneys for 

the parties to the agreement and must conform to state and local 


This resource is part of the NSP Toolkits. Additional toolkit 

resources may be found at 


U.S. Department of Housing and Urban Development 

Neighborhood Stabilization Program 

Document Outline

  • example of a lease purchase agreement LEO alt.pdf
  • LEO lease example.pdf

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