What Is A “Lease To Own” Transaction?

In Washington, “lease to own” is accomplished when a buyer first becomes a tenant under a written lease that includes as one of its terms an option to purchase the property at some time in the future on specified terms.

The lease and option must be drawn carefully and precisely for these transactions to be enforceable and successful.

Douglas N. Kiger, Attorney at Law
Blado Kiger Bolan, Tacoma, Wash.

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