A lease with an option to buy is just like it sounds. It is a lease agreement, rental agreement, or whatever you want where the tenant has the 'option' to buy the home after a designated period time.
Lease options in Utah include 'option money' - a non-refundable payment put in a trust account that will be returned to the tenant if they buy the house or given to the seller if they don't exercise the option. They also include a security deposit that will be completely refunded if the house is purchased, or left to the sellers discretion if the option is not exercised.
A portion of the rent in lease options can also be applied towards the down payment if the option is exercised. If it isn't exercised, then the landlord just keeps that money as the normal rent.
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"Beautifully updated mobile home. Large front kitchen with plentiful updated cabinets, fridge, dishwasher, gas stove and new laminate flooring. Kitchen opens to the 14'X16' living room with new carpet and pad, new paint and a cozy fire place. Hallway leads to 2 bedrooms, followed by a larger hallway opening with laundry hookups and the entry into 1 full remodeled bath. Large master bedroom follows in the rear with lots of closet space. All bedrooms and hallway have new carpet and pad, new paint, "
"Condo back on the market. Seller finance available. Seller is flexible with possession. 1 minute away from Freeway, shopping centers, schools. Nice and calm community. Handicap access. Thanks for showing. Pls text at least 2 hours in advance. Great Location for Salt Lake Downtowm commuters."
"Wonderful Rambler with a basement! Granite in Kitchen, updates throughout. Close to freeways, shopping, Hill Air-force. Don't miss out on the square footage for the price! Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement."
"New carpet and paint. Great end-unit town home in nice, quiet setting with extra light from side window. Has enclosed patio, covered parking for 2 cars and attached storage shed. Convenient to I-15, US-89, Legacy, and Frontrunner. Will consider lease option. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement."
"You will love this "like new" town home located in a fantastic area. Gorgeous cabinets with granite counter tops. Beautiful tile work throughout a well laid out floor plan offering multiple areas for entertaining and open vaulted ceilings. Very nice amenities include a garage, additional covered parking, gated swimming pool, and great play area for the kids. Rent it for a $1000 m/ call agent for more details and down payment info. Square footage figures are provided as a courtesy estima"
"AMAZING rambler inside & out! Freshly painted! All NEW flooring! Completely remodeled bathroom & updated kitchen last year. NEW stove! Newer vinyl windows, central air, & water heater! Potential 4th bedroom downstairs. Beauty salon included. Huge walkout deck overlooking an incredibly manicured backyard with garden, shed, fully fenced, and full-auto sprinklers. Incredible mountain views! Ellison Park Elementary school boundaries. Close to HAFB, shopping, parks, golf course, & I1"
"Great home in nice neighborhood that has been completely remodeled with new carpet, paint, tile, tub, vanities in bathrooms, No back yard neighbors.Seller is willing to carry contract with good down payment. Call me for terms. Agent is related to Seller."
"Roof 1 year old. furnace and a/c 3 years. windows replaced in the last 2 years, some this month. ZONING FOR ANIMAL RIGHTS BASED ON POINT SYSTEM. FRESH PAINT AND UPDATED FLOORING. Buyer to verify all information."
"Very Nice Rambler, Huge Open Kitchen and Dining Area. Updating in kitchen and backslash to be finished prior to closing. 4 Bedrooms, 2 Full Baths, 2 Very Large Family rooms. Carpet allowance with the right offer. Lots of Living space. Fully Landscaped with Auto Sprinkler system, Vinyl fencing. Dog Run with access into shed form shade and protection from the weather. Lots of Potential."
"Seller is making a job transfer and needs sold today. Exclusive Bountiful bench location with Swiss-Tudor charm. Beautiful mature landscaping includes large pines, fruit trees, shrubs, flowers, garden space, and Koi pond with Lilly pads and stream. Inside is very well cared for with tons of room, many updates include: new flooring, paint, 5 year old HVAC, brand new low E windows, as well as insulation added in attic. Basement has full living quarters with storage, kitchen, bath, and 2 bedrooms"
"This Rambler was totally remodeled. Roof,windows,A/C,Garage doors & opener,paint,carpet,tile,sinks,lighting,bathrooms,kitchen,. Wood floors all refinished it is ready to go. This should quickly so don't wait. No sign or key box on property"
"Open and airy! Fully finished rambler with walkout basement. Cul-de-sac lot /corner lot, beautiful new laminate flooring in living room, home was built with tons of upgrades. Basement has really large bedrooms, has an open layout and walks out to the back yard. 2nd kitchen/wet bar is plumbed and ready to go. Lots of storage throughout. Property features a fantastic pergola covered patio for entertaining on warm summer nights. This home is a must see. Too many great things to list!"
"Amazing 2 Story with all bedrooms on same (upper level) along with laundry with multi-zone heating and AC to keep your temps just right on those hot summer days or cold winter nights. Home has incredible energy efficient materials from extreme insulation, 2X6 construction, all LED lights in the interior to natural gas connections for laundry! Elegant touches with dramatic vaults, travertine tile, marble counters and surrounds! Surround sound throughout, central vac and lighted stairs! Too man"
"This beautiful and well maintained home is located in East Layton overlooking Hobbs pond and the Kays Creek Parkway, especially beautiful in the winter and fall when the leaves are off the trees. Mountain views and never having backyard neighbors adds to the getting away and country feel of the property. A large kitchen and dining area allows plenty of room for family events. All this close to shopping and major commute corridors."
220 N 2400 E, Layton UT 84040
"You can go your whole life without finding a house like this. Massive home with unique layout and endless possibilities. It would cost almost double the asking price to build this home new in todays market. Great floorplan with 10' ceilings in the basement & with two levels of unfinished basement. Giant heated basement garage perfect for 4 wheelers, project cars, work shop, motorcycles, paint or dance studio or whatever you're into. Home needs some cosmetic updating, but is priced according"
"This spacious rambler is in one of the nicest neighborhoods in Davis county. The home is absolutely wide open clean and inviting. If you have a large family or just want some room to roam then this is the home for you. The back yard is ver secluded quiet and calming. The Garage has all the space you could ever need and has the walk out to the fully finished basement. You have to come inside this home to really appreciate it! You will love it."
"This home gets better and better. Reduced over $45,000, wonderful perennial gardens, meticulously maintained. Custom Scenic Hill's home on private half acre + lot. Open floor plan with tons of light and incredible views with access to deck, patio and yard. Kitchen features staggered knotty alder cabinets, hardwood floors, granite counters, stainless appliances(including 2 dishwashers), island and a huge walk-in pantry. Laundry is conveniently located off the kitchen. Master suite with jetted tub"
"Impressive home with spacious interior perfect for entertaining family and friends. Beautiful views of both the mountains and valley! Features include theater room with leather seating, game room with wet bar and pool table (accessories included) exercise room, ample storage and 4 car garage. The master bedroom is an oasis of its own which includes a large en suite with heated tile flooring and duel shower heads, take a moment to relax in the jetted tub after a long day. VALUE!"
"Properties like this in Summerwood with a mountainside location in an elite neighborhood don't come on the market too often. 6 BR, 3.5 Ba Home -- Near trails and wildflowers in one direction and SLC in the another. Step out of the mundane and into the home you deserve. The main floor master offers an abundance of room and space to set by your private fireplace. The master bath and walk-in closet offer you a quiet spa-like retreat from the daily worries. Upstairs you'll find great bedrooms plus a"
"HUGE PRICE REDUCTION!! Builders personal custom home. This home is sure to impress with 4 bedrooms, 4.5 bathrooms, 2 kitchens, home office with seperate enterance, 20 ft ceilings in the great room and 10 ft ceilings in the basement. No corners were cut in building this home, from the high end Granite Countertops to the Decorative Crown Moldings and Paint Job. 3 car garage and RV pad. With 5 decks overlooking the South Weber valley, this custom home sits on .68 acres and is stunningly landscaped "
"$50,000 price reduction!!VERY MOTIVATED SELLER!! This is a beautiful home with evan better views. It is a 2-car garage but has an Eagle Glo car lift giving you the ability to get 3-vehicles in this garage."