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.
"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."
"*MUST SELL!** Nice neighborhood and convenience location eastside complex. New painting and carpet. Easy to access freeway I-15 and I-80. It is very convenience to schools, parks, transportation, and shopping center. Close to St. Mark's hospital. Great starter or investment property. Buyer to verify all info."
"Location, location!! This perfectly situated condo gives you close access to some of the city's finest offerings, including Em's, Alchemy Coffee, Memory Grove and the Capitol. Downtown is just a few minutes away, Keeping all of your other favorite's within speedy reach. The kitchen has been nicely updated along with new tile & carpet. The second bedroom leaves plenty of space for guests or a home office. Hurry before this one is gone!"
"NEW REDUCED PRICE!! 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."
"The roof is leaking, needs a new roof. needs new carpet. needs paint. house is in bad shape. home is occupied. Square footage figures are provided as a courtesy estimate only and were obtained from a previous listing. Buyer is advised to obtain an independent measurement. This is a short sale with an offer currently under review by the lender. Please contact agent. Home is occupied. No showings."
"Your SOARING ceilings, light filled living spaces AND a large Master (with a full master bath) are on Impressions Dr.! Almost new carpet. Play in the fully fenced backyard or walk to Parks within blocks - nestled mid-neighborhood with major thoroughfares and shopping close by! Seller will consider $1500 towards Buyers closing costs. Easy to show. Square footage figures are provided as a courtesy estimate only and were obtained from SLco . Buyer/Buyers Agent to verify all."
6576 E MILLCREEK CYN. RD Unit 19, Salt Lake City UT 84109
"Porter Fork cozy cabin in the woods. Lot 19. Completely remodeled in 2008. Original wood floors. Granite counter, beamed ceiling, tile floors in kitchen and bathroom, wood deck in rear and screened in porch in front. Stream within 50 feet. Open dormitory upstairs, furniture negotiable. Fire pit in yard. Shed for storage or small car. Owner agent. Buyer to verify sq. footage."
"When you look at a typical floor plan, you have to imagine what the rooms, cut up by black lines that divide the box into smaller boxes, will look like. But the Patrick Lofts are designed horizontally as well. Who needs a laundry room that goes from floor to ceiling when a washer and dryer are only a few feet tall? The same space saving opportunity applies to the furnace and water heater room. The resulting space savings maximizes the living room and kitchen space. It creates a 200 sq/ft storage"
"Secluded Gated Community, Park like setting, Elegant main floor living, main floor Master, open and light, New hardwood floors, New windows, New energy efficient Rheem Furnace, New AC unit, Private patio, Oversize 2 car garage with basement access. Has a extra parking space, unit has 2 fireplaces, gas, wood burning. Great location in Holladay, Pets are allowed, Corian Counter-tops! AHS Home Protection Plan. Home is ready to move in!"
"ROCK BOTTOM PRICE!! LAST PRICE REDUCTION! WILL NOT LAST!! AMAZING OPPORTUNITY TO FINISH AND FLIP!! OR FINISH AND ENJOY LIVING IN A BEAUTIFUL HOME!! This home is SOLD-AS-IS. Call Agent for details! You have to come by to look at it to appreciate how Amazing this home truly is! Call today to set up an appointment!"
"Back on Market, Buyer financing fell through! Surrounded by mature trees this all brick rambler had major remodeling done approx 5 years ago which included plumbing, electrical, heating & a/c, sheetrock, insulation, windows, cabinets, appliances, carpet, granite counter tops, and travertine floor. Convenient basement entry is an ideal mother-in-law apartment if you finish off the stubbed basement kitchen & RV parking is perfect for tenant parking or multiple RV's. 2 large inviting family"
2665 E PARLEYS WAY Unit 101, Salt Lake City UT 84109
"UPGRADED UNIT IN PRESTIGIOUS CONDO BUILDING! Open and light plan with two bedrooms plus an additional third bonus room can be used as an office or den. Owner was one of the original purchasers and upgraded the unit to the MAX! Granite counters, stainless steel appliances, hardwood/carpet, fireplace, and plantation shutters. Secure building and spacious two car garage with storage closet. PERKS include exercise room, library, and beautiful lobby. Quick access to freeway, U of U, and hospitals!!! "
"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. Great investment property. Lease purchase option available on one or both units."
"Great investment opportunity. Low maintenance and easy to rent. Currently rented @ $2000/mo. Please do not bother tenants. No showings without an offer. Please see virtual tour. Text Owner/Agent for more information."
"Enjoy main floor living in this beautiful and pristine home, where the light pours through and all your living is on the main floor. Vaulted ceilings, a spacious open kitchen and living area with fireplace, powder room, a main level executive office, and an attached garage make this home comfortable and very livable. The main floor master suite has a large walk-in closet and beautiful bathroom with a double vanity. The lower level has a large family room, two generous bedrooms, and a full bath. "
"Functional cabin in a great location......with a lot of upside. This home has been enjoyed for years as a weekend getaway for Salt Lake Families. Current owners have completed FCOZ approvals for construction of a new log cabin on the site, so all you have to do is pull your building permit. Most of the value is in the land and approvals, but the cabin can be used "as is" for a great summer getaway and a winter jumping off spot for some of the Wastach front's best and most accessible bac"
"PRICE REDUCED!! Custom front door greets you as you approach this beautiful home in the exclusive gated community of Willows of Holladay. Effective year built 2006. Open floor plan with 20 ft vaulted ceiling in the living room. Custom paint throughout. Remote controlled power window coverings. Main floor features living room , family room, dining, kitchen, laundry and 1/2 bath. Upstairs loft is currently an office but could have multiple uses. Master bedroom has vaulted ceiling, 3 large west fa"
"READY TO MOVE IN previous model home on a corner lot in Jordan Heights!! Valley and mountain views from this LIKE NEW, fully landscaped home. Best selling Copenhagen floor plan by Henry Walker Homes (with a C exterior). Walking distance to Daybreak and The District. Designer kitchen opens to a vaulted family room overlooking the valley. Master Suite includes a walk in shower and an amazing closet. Second level loft and upper level laundry. 3-tone paint, craftsman style doors, Jack and Jill"
"This elegant home is a picture perfect rare find in the heart of Cottonwood Heights on a quiet Cul-de-Sac. Spacious, open floor plan with soaring vaulted ceilings. Large windows that bring in the natural light throughout the home. Impeccably maintained inside and out. Large master suite with dual fireplace and luxurious master bath. The interior was designed by a decorator to model standards, high grade lighting package, authentic Brazilian Redwood floors. Wine cellar, full exercise room with gy"
"PRICE REDUCED! Buyers failed, back on the market. Showings by appointment. PRIDE OF OWNERSHIP! Amazing Rambler with HUGE bonus room! Granite counter tops, upgraded cabinets, Vaulted ceilings, HUGE patio, 3 tone paint, grand master suite, over sized 3 car garage, beautiful landscaping. FLEXIBLE SELLER FINANCING TERMS AVAILABLE!"
"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"
"PRICE REDUCED! Interested in all reasonable offers! Classic elegance is featured throughout this custom home. The private entry into the home opens to the formal living room with the custom wood columns and formal dining room. There are upgrades throughout the home including new carpet, two-tone painting, central vacuum and large windows that allow natural lighting throughout. The gourmet kitchen invites family and guests to enjoy custom amenities including maple cabinets and pantry, the lar"
6617 S HIDDEN MILL CV Unit 12, Cottonwood Heights UT 84121
"At Last,This Property Can Be Shown Anytime Because The Tenant Has Moved Out, Please Call/Text When Showing,Vacant And Key Boxed Front Door*Location*Location*Secluded,Gated Community* Within Minutes to Biking/Hiking Trails,World Class Snowbird,Alta,Deer Valley,Brighton and Solitude Ski Resorts*Mountain Views*Main Floor Living*Vaulted/High Ceilings in Large,Open Rooms with Large Windows*High Quality Finishes*Large Open Kitchen with Granite,Stainless Appliances,Large Island,Custom Cabinetry and Tra"
"Great view of Mt Olympus. Gorgeous exterior brick, stone and stucco with RhinoShield coating. Giant garage (1200 sq. ft.) with RV pull through feature. Elevator to garage, main and bsmt. Large master bath. Huge MIL apt w/ private ext. door. All Appl. incl."
"Be the King/Queen of your Castle on King's Hill. This luxury home is ideal for a family who entertains, loves the outdoors/sports or being part of a welcoming neighborhood. Energy efficient home including tank-less water heaters, separate heating & air units for different areas of the home as well as superior insulation. Also energy efficient appliances, efficient watering system, solar panels and other sustainable features. It's proximity to great public and private schools, the freeway "
2324 N PINECREST CANYON RD, Salt Lake City UT 84108
"We're all about breaking the mold. We adore the movers, relish the shakers, and we proudly "hear, hear!" the makers. Magic happens when genres are crossed and boundaries are broken, so we love those bold enough to go where few have gone before. Take, for example, this tranquil one-off in the hills. It's part contemporary cabin, part mountain-infused modern, and all that and a bag of trail mix. We'll start with the location, sinceânestled snuggly in the hills of Emigratio"
"Exceptionally remodeled home located on a private estate lot with a natural stream and wooded mountain setting. Remodel includes wood windows and doors, stain grade trim, Sub Zero and Wolf appliances. Recently constructed mother-in-law apartment above detached garage shows up as the 3rd floor in the property information section. Over 2500 sq ft of garage space with extra depth and high doors. Zoned as horse property."
"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."
"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"
"This gorgeous contemporary wonder perched on almost 6 acres atop the High Avenues was originally built in 1991 by builder Ron Ferrin. He then was engaged to carefully rebuild and remodel under this current owner. This bright gem boasts truly unparalleled and totally unobstructed views over the entire Salt Lake Valley. The home is adorned with opulent master suites on both levels each with a closet and bath that will not disappoint! The main kitchen conjoined with the great room is a chefs deli"