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Rent-to-Own Agreement (lease with option to buy)
NextGen Docs form ND-1113. Search ND-1113 on docs.ngz.ca to make this document again.
Rent a home with the right to buy it later at a set price, with an option fee and rent credits toward the down payment.
Start this document $2.99 or in the monthly planHow it works
What you will fill in
- Does any of these apply?
- Owner and seller's full legal name
- Tenant and buyer's full legal names
- Home address and legal description
- Rental start date
- Option period (years)
- Monthly rent ($)
- Part of each month's rent credited to the price ($)
- Option fee paid at signing ($)
- Purchase price ($)
- If rent is paid late, what happens to that month's credit?
- Who pays for repairs?
Good to know
- In Ontario the rental part is still a tenancy under the Residential Tenancies Act: also sign the government Standard Lease (our free Ontario Standard Lease helper) and attach this as additional terms.
- Ask your lawyer to register a notice of option on title, so the owner can't sell or mortgage the home to someone else.
- Check the owner really owns the home and is up to date on the mortgage: a title search costs little. Pay the option fee to a lawyer in trust, never in cash.
Help in your language
Every question comes with help like this. For example, “Does any of these apply?”:
English: Rent-to-own is high stakes. If one applies, have a real estate lawyer check before you pay anything. You still get the full document.
اردو: یہ بڑا معاملہ ہے۔ وکیل سے چیک کروائیں۔
ਪੰਜਾਬੀ: ਇਹ ਵੱਡਾ ਸੌਦਾ ਹੈ। ਵਕੀਲ ਤੋਂ ਚੈੱਕ ਕਰਵਾਓ।
हिन्दी: यह बड़ा सौदा है। वकील से जाँच करवाएँ।
Français: C'est important. Faites vérifier avant de payer.
Questions people ask
How much does the Rent-to-Own Agreement cost?
It is free to fill in and preview. To download it, buy just this one for $2.99 or use a plan (Monthly $9.99, or Yearly $79); new accounts get 7 days free with no card needed.
Can I fill in the Rent-to-Own Agreement in Urdu, Punjabi, Hindi or French?
Yes. The finished document is in English, but every question has plain help in English, Urdu, Punjabi, Hindi and French, and you can speak your answers.
Do I need a lawyer?
Many people use this document on their own. If your situation is complicated, or a lot of money or your home is involved, talk to a lawyer or licensed paralegal. In Ontario, the Law Society Referral Service (findlegalhelp.ca) gives a free 30-minute consultation.
Is my information private?
Only you can see your answers. They are saved on your device, and in your own account if you sign in, so you can finish on another device. NextGen Docs is not a law firm and does not give legal advice.