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 tennant 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 tennant 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 excercised. If it isn't exercised, then the landlord just keeps that money as the normal rent.
HINT: Click house icons above for more information.
"PRICE REDUCED! SELLER FINANCE WITH RIGHT OFFER! Well kept 14x70 mobile in a well kept park, very nice & updated, awning & covered deck, fully fenced yard, small pets ok, convenient West Jordan location close to shopping and schools, stunning mountain views."
3731 S DEER VALLEY DR, Magna UT 84044
"NO BANK REQUIRED!! FINANCING WILL BE ARRANGED WITH THE SELLER! Very well maintained home! Spacious single level home with 3 beds and 2 baths! Community includes a swimming pool, gym, pool table, basketball court, playground and a clubhouse for all your private parties/reservations. Square footage is only an estimate, buyer is advised to obtain independent measurement. Home is occupied. Please allow 24hr notice before showing."
"Wonderful And Cozy Home In Nice Quiet Community. 3 Bedrooms 2 Baths (1 In Master Bed). Has 2 Sheds In Back Yard. Lawn Mower And Garden Tools Will Stay For Convenience Of The New Buyer. Clean And Taken Care Of. Has Car Carport And 1 Additional Parking Space. Excellent Location, Close To Churches, Schools, Shopping, Freeway and Airport. Well Maintained Mobile Home In Friendly West Valley Park. BY APPOINTMENT ONLY. Schedule An Appt With The Super Nice REALTOR And Come Take A Look! (48) Notice Requi"
"End Unit directly across from the clubhouse & pool. Great location with easy access to Bangerter Hwy & Mt View Corridor. Current lease in place until March 2016 or buyer may buy out lease for $1900 with 30 days notice for the tenants. Great home for maintenance free living. If you're a first-time investor or have been doing it for a while this is a great way to have the management company take care of the hassle of an investment property! Backyard is open space."
"If your looking to live or office close to downtown, this is a great opportunity! Great home located right on Main Street. Excellent rental opportunity. The property is residential but is zoned for community commerical. The home could be used for a professional office. Plenty of off street parking in the rear of the home."
"Great Central Location New build, Comes with Stainless Steel Appliances Fridge with Ice and Water, Range, Dishwasher, Built-in Microwave. Builder warranty. Park to be built. Granite counter tops, vaulted ceilings."
"Come see this beautiful Daybreak town home with an open floor plan and grand kitchen! Granite kitchen counter tops, Large master suites with walk-in closets on the main level. This is a Holmes Homes smart home with a control 4 home automation system included. The Basement is complete with a pool table and 7.1 surround sound speakers included. Fenced back yard. Other inclusions refrigerator, washer and dryer. This is one you don't want to miss. Buyer and Buyers agent to verify all. *Contact Dare"
"Property currently rented - Excellent Investment property - Completely updated throughout. plenty of storage. Very large rooms and closets. Travertine floors - Cherry cabinets - Bamboo floors - Neutral carpet - Crown moldings - Common areas are being redone with new carpets, lights and wall coverings. Close to everything down town. HOA includes - Heat/AC - Cable - 24 Hour Security - Underground Parking - Indoor Pool and Sauna - Fitness Room - Racket Ball Court - Billiards Room - Roof BBQ an"
"OWNER SAD TO LEAVE THIS GOOD HOME AND GREAT NEIGHBORS AFTER 25 YEARS, JUST TOO LARGE. THERE ARE TWO FIREPLACES. A SMALL YARD FOR EASY MAINTENANCE AND THE TREES KEEP IT SHADY IN THE SUMMER. THERE IS A DECK ALL ACROSS THE BACK OF THE HOUSE FOR ENTERTAINING AND RELAXATION. THERE ARE THREE SLIDING DOORS THAT OPEN ONTO THE DECK."
"PRICE REDUCED! Recently painted exterior of home! Charming Victorian legal duplex on quiet one way street in The Avenues!! Buy a home...and have someone else pay a portion of your mortgage! Close to all the downtown/avenues essentials & the University of Utah. Unit #1 has 2 bedrooms, 1 full bath, laundry and garage. Unit #2 has 1 bedroom, 1 full bath, and laundry. Both units have window air conditioners (not swamp coolers). Separate electric meters. Shared gas meter, but there are 2 Furnaces"
"Spectacular Summer/Winter family retreat * Unmatched canyon and mountain views for miles * Located behind 2 private gates between Brighton and Solitude Ski Resorts * Private and secluded - very near Silver Lake and Solitude Nordic Track * World-class skiing, boarding, biking, hiking, and life style * Seasonal access and water * Vault toilet * Shown by appointment only - Sold as-is condition."
"OCCUPIED Leased through June 2016. Please call for next monthly open-house. Includes dual fuel range with two ovens, large storage cage in garage. $15,000 discount if only one parking stall is desired."
"Over $115K in recent remodeling including roof. Good condition. Great central neighborhood and back of cul-de-sac lot! Unique water collection system provides almost free full automatic sprinklers and water feature! Large open light rooms. 3 furnaces mean great heating efficiency. Daylight walk-out basement w/own small kitchen & laundry hook-ups, makes good in-law apartment option. Decks, balcony, patio, etc. Super value at $97/foot. Seller will finance with reasonable down."
"Exceptional, Renovated-Relax Ready and Quick Escape Cabin up Mill Creek Canyon. Invite your Family and Friends to share the spacious New Kitchen, Granite Counter tops, Custom Cabinets, Stainless Appliances as they enter the Cabin. You will adore the Gleaming Hardwoods, 2 Story Stone Fireplace, Vaulted Great Room and Open Loft with twin beds and second family area that are all part of the Ample Great Room for Living and Entertaining. Entertain around the Fire pit, Lighted Patio or just curl up wi"
"Outstanding large home in Cottonwood Heights near ski resorts and shopping. High end finishes and wonderful mountain views! Main floor features open floor plan, kitchen counter seating, stainless appliances & walk in pantry. Upstairs features 3 generous bedrooms & 2 baths. Master suite w/separate shower & jetted tub, double sinks & walk in closet. Basement features 3/4 bath & either 4th bedroom or family room. Enjoy as a home or rental property. Attached twin home on l"
"Wonderful newer twin home w/high-end finishes, large rooms, fantastic mountain views! Main floor has spacious open floor plan, large dining area, granite kitchen counter seating, walk in pantry and stainless appliances. Master suite has separate shower/jetted tub, double sinks & walk in closet. All rooms generous size. Outdoor kitchen also comes with 7274 unit. Price is for one side of twin home or $699,999 for both sides."
"LONG-TERM FINANCING AVAILABLE. SIMPLY PROVIDED UP-FRONT MONEY AND MAKE MONTHLY PAYMENTS - CALL LISTING AGENT FOR DETAILS. Rarely available, well-maintained, original model home in Founder's Square. Close to lakes, shopping, trails, dining, SoDa Row. Wrap-around porch, mature trees, open concept floor plan, fully finished basement."
"City living at its finest. Have your own private roof top patio with stunning city views providing an additional 400 sq ft of living space. Enjoy the convenience of walk/bike to work, restaurants, parks, events, shopping. Stylish indoor living with garage door opening up the city to your living room and modern kitchen. Includes custom water feature, secure entry and underground parking, internet and pet friendly. Seller financing is available."
"REDUCED $37,500! LEASE OPTION OPPORTUNITY!!! APPRAISED FOR $470,000 IN AUGUST 2014. INSTANT EQUITY! This one-of-a-kind home is tucked away at the end of a private lane, surrounded by million-dollar properties. Bright & Modern with a little pizzazz thrown in for fun! Contemporary, open concept floor plan with vaulted ceilings and skylights! Gorgeous floors with glass mosaic inlays. All new granite in kitchen. Custom granite fireplace with backlit glass mantle that can be changed to match"
"Sits on a beautiful, tree-shaded site. The huge living room features a high arched ceiling, a beautiful hardwood floor, and a large picture window. The dining area consists of a unique rotunda with a panoramic view of the mountains, it captures the morning sun beautifully all year round. Fantastic view of the Valley from the deck making for many memorable sunset vistas. Heating system, central air conditioning, and 2 water heaters 4 years old. All bedrooms ,kitchen and downstairs rooms feature h"
"SALE FAILED!! Beautiful, remodeled 2 story! Your Buyers will love this area and this home! Gorgeous mountain and valley views, new kitchen, granite counters in kitchen and bathrooms, stainless appliances, fresh paint/carpet, absolutely stunning!"
"Gorgeous historic mansion near U of U and trax station. Grand staircase inside entry. Original antique moldings, hardwood, french doors. Large living room, library, and formal dining for entertaining. 4 Bedrooms and 2 Bathrooms upstairs. Master suite has a sitting room and walk-in closet. Kitchen features granite counters, Thermador gas range, SubZero fridge and a trash compactor. Basement has lots of shelving for storage and a workshop with a sink. Currently has an assumable VA loan by "
"Huge Price Reduction ! Views ! Views ! Views ! Amazing Sandy home with breathtaking views of the Mountains and Valley. Beautiful family home with a great floor plan and lots of storage. This turnkey home has it all, granite, double ovens, vaulted ceiling, great hobby/photo room. All furniture is negotiable. This home is located minutes from world class skiing, hiking and walking trails. This eastside Sandy home nestles next to the Pepperwood Community for the perfect location with no HOA's."
"Custom home. Like new. Vaulted ceilings with open floor plan. Hardwood floors, custom cabinets, and granite countertops. Main floor master. Extra large 5 car garage with 12' Door for RV. Mother in law apartment with separate entrance. Additional ground available with possibility of having horses or commercial. Must see. Seller financing available or lease option."
"Beautiful Home in Exclusive Holladay Location on private cul-de-Sac. Area of more expensive homes on secluded lane end. Exceptional Schools close. Fantastic view of Mountains and Valley in oak covered area. Easy freeway access and Hospital near by. On foothills of World class skiing and recreation. Incredible neighborhood, safe & peaceful. Home is self maintaining structure with upscale features, granite, stainless, brick, alder cabinets, new carpets, Designer interior, professional landscap"
"Absolutely incredible remodel with technology, features and gorgeous finishes. Spectacular kitchen with new custom cabinets and counter tops, giant island that seats 8, beautiful new hardwood floors, large master suite with specially designed walk in shower, soaker tub and a separate exercise room/den/or possible nursery. Delightful walkout lower level with 2nd kitchen, rec room, den, and state of the art theater room. Smart home electronics include complete AMX Control System, theater room, "
"No matter what kind of day you've had you can take heart coming home to an amazing bright and airy mountain multi-level contemporary with peaceful open land surroundings and mountain views and city lights. Some might say show stopping sunsets and mountain vista views not to mention starry nights. This home has been inspired by an Aerialist and a Filmmaker/Artist. Landscaping smartly thought-out with seasonal blooming in mind and raised garden beds. A very cool Lap Pool (can be excluded) nestled "
6617 S HIDDEN MILL CV, Cottonwood Heights UT 84121
"REDUCED - Secluded new PUD in the heart of Cottonwood heights. Custom built with view of the city and mountains. Minutes to ski resorts, freeway, walking trails and restaurants. Gourmet kitchen with SS Appliances, Custom Cabinets, island, Granite counter tops and Travertine floors. Family room with a wet bar which include sink, fridge and dish washer and framed TV and audio system. Walk-out lower level with attached wall TV, 2 baths and laundry perfect for MIL apartment."
"This is your chance to build the dream home in a highly-prized area of one of Salt Lake's most fabulous neighborhoods! This .63 of an acre lot is wonderfully appointed with privacy and seclusion in a idyllic mountain setting. Walk to Millcreek Canyon or don't... you share much of the same amenities! Easy to see as it's mid-way through a total remodel. Just call me for easy access!"
"Now Reduced $25,000-- A RARE find, quiet cul-de-sac along side Midas Creek with 8 Car Garage Capacity. Only 2 blocks to the Equestrian Park in S.Jordan. Close to the District on 11400. Home recently updated with solid Knotty Alder Doors with 6" Knotty Alder baseboard. The Kitchen has been upgraded with Custom Cabinets, Granite Counter tops and Stainless Steel appliances, tile back splash and under cabinet rope lighting. Lots of Hardwood and Travertine. Master has crown molding and master bat"
"TURN OF THE CENTURY "NEW ORLEANS" STYLE HOME*OPEN*2 STORY CEILINGS*INCREDIBLE VIEWS FROM EVERY WINDOW*ROSE MARBLE AND HARDWOOD FLOORS*HUGE TWO WAY FIREPLACE*GOURMET KITCHEN*FORMAL DINING*EXQUISITE MASTER BEDROOM*PRIVATE GATED ROAD*TOTALLY SECLUDED YARD. NO NEIGHBORS BEHIND YOU, JUST MOUNTAINS.*5.91 ACRES*YOU WILL NOT BELIEVE THE ELEGANCE! Seller would consider financing the property. Present loan is assumable."
"Amazing Custom home South Jordan. This home lot is .51 acres and features over 3000 sq ft of garage space. The home has an attached 5 car garage, with His/Hers Garages. Also has detached 9 car garage. Home has a salt water pool with slide and exterior full bathroom for the pool with access from back porch. Main Level features features a Large Kitchen/Great Room. Formal Dining area, Master Bedroom and bathroom with 12 ft ceilings, Guest Master Bed, additional 1/2 bath, Laundry, Mud Room. Ups"
"Luxurious Horse Property with Tuscan flare! Enjoy the luxuries of a main floor master suite with private sunroom, sauna, deck and romantic bathroom. This 6 bedroom home has it all! All bedrooms feature walkin closets with dressing tables to keep personal items out of the bathroom space. The upper level features a sitting room that overlooks the family room from two juliet balconies. This area also features a very spacious office, craft/sewing room and a future full bathroom (plumbed). The basem"
"2008 Parade of Homes Best in Show and Best Landscape winner. Personal home of custom builder. Paddle board on Blackridge Reservoir out of your back yard, mountain bike on trails up street, or swim in your own 20 x 45 salt water pool. Custom gourmet kitchen with beautiful end grain oak cabinetry, hand-scraped walnut floors and hopscotch travertine. Daylight bsmt with open tiered theater, built in fireproof 5x10 safe, and full kitchen."
"Ahead of it's time floor plan. Huge rooms and very open floor plan with beautiful 28ft wood ceilings. Tons of natural light and one of a kind features. Ready for your personal touch. 6 car garage capacity. Gorgeous park like yard is perfect for entertaining... pool, covered gazebo, bball court, workshop, and fire pit. Very well built home. Excellent value on Holladay's most coveted street. Must see inside."
"Remarkable French Country 2-story in the Heart of Holladay on a private and gated 3/4 acre lot. This beautiful custom concrete and stone home has soaring vaults, beams, Venetian plaster walls, travertine flooring, and top of the line upgrades and luxury features throughout. Exterior is an old-world plaster rarely found. A gorgeous, open gourmet kitchen with granite, custom cabinets and professional appliances. Luxurious main floor master bedroom and bath with fireplace, separate office and nurse"
"THIS HOME HAS EVERYTHING, IF NOT TWO OF EVERYTHING. HARD TO FIND 1.47 ACRE 14,233 SQFT HOME NEAR DOWNTOWN. INDOOR LAP POOL AND GYM AS PART OF MASTER BEDROOM. LARGE HIS AND HER CLOSETS, BATHROOMS & OFFICES. TURF TENNIS COURT & 2ND POOL OUTSIDE ON PART OF UNBELIEVABLE 1.47ACRE LOT. FULLY REGULATED GREEN HOUSE. 360 DEGREE VIEWS. OWNER IS WORLD REKNOWN GARAGE DOOR BUILDER AND HAS AMAZING HEATED 6 CAR GARAGE. DRIVEWAY, GARAGES & GROUNDS ARE COVERED IN BEAUTIFUL DECORATIVE CONCRETE WORK. P"