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.
HINT: Click house icons above for more information.
"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."
"REDUCED PRICE!! BEAUTIFUL, CLEAN, & UPGRADED 2 Bed 2 Bath w/Garage! GREAT home for the money: NEW 2-Tone Paint, Plush Carpet, Counter Tops (some Granite), AND Flooring THROUGHOUT !! Stacked Washer/Dryer & Fridge included!! EZ qualify -- See Agent Remarks."
"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."
"Have you ever thought about owning your own house, but felt like you couldn't afford it. Well, this is your opportunity. The home features a very comfortable layout with 3 generously sized bedrooms and a full size bath that will accommodate your growing family. A welcoming family room with a wood burning fireplace to warm you up on those cold winter months that are coming up shortly. Original hardwood floors that bring out the beauty of the home, along with modern convenience such as a new water"
"Lowest priced two bedroom in Farmington Crossing as of 9/15/14. Darling Farmington Crossing Townhome. Open concept with great room style floorplan, vaulted ceilings & large windows. Upgrades throughout: stainless steel appliances, granite countertops, tiled flooring & plush carpeting. Large master suite with full bath, walk-in closet & mountain views. Washer, dryer & fridge included. Development features two swimming pools, club house, 3 parks, walking trails and a new splash pad"
"Remodeled and ready to go*Property can not close prior to Jan. 1, 2015*Seller is willing to let potential Buyer rent until new year and close then*New Carpet*New Paint*New furnace and A/C*New tile and wood flooring*Yard to be installed at asking price*Call agent with questions regarding terms of closing and possible short term lease to purchase options*Owner/Agent"
"EZ access to I-15 and Legacy Highway. Lovely Woods Cross home move in ready. Fenced yard. Updated bathroom countertops. Fresh paint. 100% wood front door. New blinds. Real hardwood flooring. Oversized efficient air conditioning unit. New water heater. Close to parks, and walking trails."
"***Reduced $10k!!!*** Amazing 7 bed, 3 full baths, in great neighborhood for this price?! New carpet, new paint, landscaped yard, vaulted ceilings, great room with fireplace, grand master suite, basement family room and HUGE bedrooms. Seller financing available! Get it now before it's gone! Buyer to verify all info."
"WHAT A GREAT FIND NOW! ALL NEW PAINT, FLOORS & NOW NEW GRANITE COUNTERTOPS * CUSTOM BUILT HIGH ON BOUNTIFUL EAST BENCH W FOREVER LAKE AND SUNSET VIEWS * PROTECT YOUR FAMILY & BREATH CLEAR AIR THIS WINTER SINCE YOU CAN AVOID WINTER INVERSIONS WHEN YOU'RE HIGHER LIKE THIS HOME! ALSO, THERE ARE HIKING & BIKING TRAILS NEARBY THAT ARE EVEN HIGHER & ALWAYS ABOVE THE EVER INCREASING STINKY WINTER INVERSIONS! BIG PRIVATE YARD * SPACIOUS OPEN FLOOR PLAN * ALL NEW STAINLESS APPLIANCES *"
"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"
"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."
"BETTER THAN BRAND NEW!!! This beautiful 6 bedroom 3.5 bath Ivory built home is less than a year old and was only lived in for 8 months. It is the Clairemont floor plan, same as the model home in the Greyhawk development. All the window coverings have been taken care of, there is a top of the line water softener already installed and the major landscaping is done for you, there are two separate patios, one even has a fire pit! There is also a 500sqft basketball in the backyard. It has gorgeous vi"
"PRICE DROPPED BY $50K WOW! NICEST MOST SPACIOUS AMAZING HOME IN EAST LAYTON UNDER $400K. DONT WAIT THIS HOME WILL BE SOLD VERY SOON! WHAT AN OPPORTUNITY FOR AN TERRIFIC HOME. SELLER WILL CONSIDER SELLER FINANCE OFFERS! HOME IS SUPER CLEAN AND WELL MAINTAINED! I think this is one of the nicest homes I have marketed in several years. The home features BIG open spaces. The kitchen is a cooks dream with lots of cabinet space and countertop space. Granite countertops. beautiful real finished wood. Th"
"Motivated Seller!!! Beautiful 4 Bedroom home on large private acreage in desirable East Layton area. Plans for finishing basement and full landscaping available. Open floor plan, wooded lot, beautiful master suite on main. Dual A/C for upstairs and main floor with separate thermostats, alarm system."
"Huge Price Reduction!*** Great Character and Charm can be found throughout this one of a kind home. Nestled in the heart of Bountiful enjoy the breathtaking views of the mountains or hike the nearby trails. This great family home comes with 7 bedrooms, 4 bathrooms, a beautiful updated and remodeled kitchen, cherry wood cabinets, granite counter tops, lots of storage, main level laundry, 2 family rooms, 4 fireplaces including one in the master bedroom, .24 acres of mature trees, multiple decks wi"
"Fabulous twin home located in the prestigious Eaglewood Estates (PUD). Nestled in the North Salt Lake foothills with gorgeous mountain & valley views. When purchased new every upgrade possible was put into this condo. High end upgrades with top quality! 10' ceilings and huge picture windows gives this home a spacious & open feeling bringing in lots of natural sunlight. Entrance to upstairs is either by stairs or personalized custom elevator. Vaulted ceilings, huge picture windows, hardwo"
"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 "
"$90,000 price reduction!!! This is a beautiful home with evan better views. High end finishes throughout, theater room, indoor slide for the kids! It is a 2-car garage but has an Eagle Glo car lift giving you the ability to get 3-vehicles in this garage."