Document background
The Lease To Own Mortgage agreement is designed for situations where traditional mortgage financing may not be immediately available to potential buyers, but there is a clear intention to purchase the property in the future. This document, governed by English and Welsh law, creates a structured pathway to homeownership by combining rental payments with a purchase option. It includes detailed provisions for rental terms, purchase price calculations, maintenance responsibilities, and the conditions under which the purchase option can be exercised. The agreement provides security for both parties while offering flexibility in the transition from tenant to owner.
