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.
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"Price reduction! This home is in fantastic condition and has a spacious open floor plan. The home has a Large master bedroom with a master bathroom, jetted tub and separate shower. There is a spacious laundry room with tons of storage and room for a second refrigerator or freezer. Two large sheds are included in the sale and both have power! One of the sheds could even be used as a workshop. Majestic Meadows has several amenities including Pool, Park, Club House with Exercise Room and Meeting R"
"Manufactured Mansion (76' X 28') Over 2100 Sq. Ft. in WVC! Dream Kitchen , Walk-In Closets, Completely Upgraded. Master Gardener Yard is an oasis in the desert with flowering shade trees. Three Shade Decks, 2X6 Construction. Well cared for Riverside Community. Agents please read agent remarks before showing. Some pet dog restrictions in the Riverside Community. Seller to contribute five months of HOA fees of $580/month. Most Manu/Mobile Park HOAs are $500+ in Salt Lake County."
"BEAUTIFUL Top Level Unit Facing SE overlooking Fruit Orchard and Wasatch Mountains. LIKE NEW condition, upgraded cabinets and Corian counter tops. 55+ Community in heart of east Sandy close to everything! Secured building with ELEVATORS- no stairs to manage. Open park like setting w walking paths, gazebos, victory gardens and water feature. Final developemnt to community coming in the fall 2014. With this new dvlopment: there will be dining options, onsite medical and dental office for Crescent "
"Enjoy Daybreak living! Some lucky family will get to enjoy walking paths, parks, beautiful lake, downtown shopping & restaurants, pools & clubhouses! The HOA even includes FREE kayaking, canoeing, or sailboats on the lake, basket ball, FREE internet, splash pad, community garden plots, concerts in the park, movie night and much more in this awesome community! This wonderful townhouse has beautiful wood laminate flooring and designer touches throughout. Open floor plan with spacious livin"
"Beautiful end unit with large kitchen and extra large bedrooms. Upgraded tile back splash in kitchen and main bath, large garden tub in grand master bath and double closets in master. New lighting, added ceiling fans, new central A/C, new patio screen door, new water softener! Private back yard but....the HOA cuts your lawn. Large patio for evening get-to-gethers and a Community Play Ground! Walking distance to Trax, Jordan Commons, South Town Expo, Restaurants and drug store. Pride of Owners"
"***PRICE REDUCED***AMAZING SOUTH JORDAN LOCATION WITH AMAZING VALLEY VIEWS! NO BACKYARD NEIGHBORS TO BLOCK BREATHTAKING VIEWS! Spacious ranch floor plan with great room and open kitchen. Cozy up to two fireplaces, one with a gorgeous wood mantle, the other with beautiful rock surround. Main level laundry / mud room right off of the garage entrance!. Master suite with big walk-in closet and en-suite bathroom with jetted tub. Basement offers 2 bedrooms and a large family room plus a HUGE storage r"
8192 S CLOVER SPRING LANE, Cottonwood Heights UT 84121
"Be sure to catch this town home on the Wasatch bench before it is gone. Minutes from world-class ski resorts, this home features an incredible location with a warm feel in a highly desired area. It is an incredible space for outdoor enthusiasts looking for a place to call 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. 1 water heater. Separate laundry. Private Backya"
"Charming remodel on Evergreen Avenue! New kitchen and bath with high quality materials. Large new picture windows. Beautiful large lot with mature trees and tons of potential! Rare find! Easy to show!"
"Square footage figures are provided as a courtesy estimate only and were obtained from the construction plans . Buyer is advised to obtain an independent measurement. key box on gas meter west side of the home"
"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."
"TOTALLY REMODELED! MUST SEE! NEW UPDATED KITCHEN. NEW APPLIANCES, NEW CENTRAL AIR. NEW ROOF. NEW PAINT AND CARPET. DEEP YARD. BUYER TO VERIFY ALL INFORMATION. SQFT PER COUNTY RECORDS. KEY DOSEN'T WORK VERY WELL FOR THE DOOR KNOB. JUST USE THE DEADBOLT ON THE FRONT DOOR. THANKS!"
"Property is currently used as a 2plex. With relative ease this property could be turned back into a single family residence. Highest and best use for this property is most likely converting back to a gorgeous single family home. Loads of charm and unbeatable area. Updated 2plex in highly desirable Avenues area. Perfect for owner occupant, investment property or turn back into single family home. Property has been well maintained. Updates include: newer roof, HVAC, windows, central AC and other"
"Completely updated and remodeled top to bottom inside and out. 6 bedroom, 3 bath home above Foothill Drive. Easy access to freeway, downtown, schools and shopping. This is a must see. New furnace, A/C, plumbing, appliances, carpet, paint and so much more. Easy to show and price reduced for a quick sale. Seller is motivated. Call or text to get in."
"Ready for Immediate occupancy, open floor plan. Everything is upgraded, Granite tops, Bosch appliances, all plumbing fixtures, $3,000 in lighting. Tiled tub and shower surrounds, kitchen back splash. Unbelievable WIC, laundry, and kids drop design. Handicapped friendly access. Retaining wall and landscaped yard, 9' high 3rd garage bay. Absolute top quality construction 2x6 exterior with R22 wall and R48 ceiling insulation. Cul-de-sac of new more expensive homes just off the coveted Jordan"
"Professional Virtual tour; please click and view. Private 1 acre lot on a cul-de-sac, with quick access to I-15. Two covered patio's and a vine covered pergola provide ample space for extravagant parties. Practice your short game on the putting & chipping greens. Have a green thumb? The garden is ready to flourish. When weather threatens, retreat to the basement to share drinks and evasive tales around the colorful wet bar, pool table, or one of the four fireplaces. Room for a detached garag"
"Price Reduced !!! Views ! Views ! Views ! Amazing Sandy home with breathtaking views of the 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 walking trails, hiking and world class skiing. This eastside sandy home nestles next to the Pepperwood community, for the perfect location with no HOA's."
"Sandy Executive Home With Fantastic Views And Privacy. Home Is Located In The Foothills Of Sandy, Adjacent To Pepperwood Estates. The Home Has 4818 Sq. Ft. Of Spacious Living. 6 Bedrooms. 3.5 Baths. 2 Fireplaces. Extra Large Living Room With Vaulted Ceilings. Huge Separate Family Room Downstairs. Shaded Deck With Gorgeous Mountain Views. Newly Remolded Kitchen With Granite Counter Tops, Cherry Wood Cabinets Including Back Lighting And A Built-In China Cabinet. Impressive Floor-To-Ceiling Plate"
"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."
"Unique opportunity in coveted Arlington Hills! Situated above the city with pretty mountain and valley views, you'll love this location mere minutes from downtown, the U of U, and just steps away from fabulous hiking and biking trails. You'll also appreciate the spacious rooms--generous entry, huge formal living and dining, a kitchen so large there's ample room for the built-in desk and fireplace, plus BIG bedrooms. Hardwood flooring and plantation shutters add to the warmth of this home. The c"
"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, "
"ONE OF A KIND PENTHOUSE IN EAGLE SPRINGS WEST...SOLITUDE'S NEWEST CONDO BUILDING. Layout offers High Ceilings, 2 decks, Views of Pool and Slopes, Tall windows, custom sleeping den (3rd bedroom), laundry, custom boot bench... 2 master suites with on-suite baths... call for a showing today:)"
"Incredible price on this Beautiful Arlington Hills Rambler with amazing city views..Wonderful landscaping, mature trees, two tiered Trex deck*great entertaining home with huge open living, kitchen, dining space*Everything you need on the main level with additional walkout basement with family room and a bedroom suite*rare deep four car tandem garage."
8379 S VIA RIVIERA WAY, Cottonwood Heights UT 84093
"Best condo in exclusive Monte Luca gated community. Ideally situated on a quiet cul-de-sac across from the club house, this fully upgraded home was the original model. The spacious floor plan is enhanced with vaulted beamed ceilings, Venetian plaster walls, hardwood floors and quality designer faux finishes. A gorgeous open kitchen features custom white-washed cabinets, granite countertops and quality stainless appliances. The luxurious master suite includes a full bathroom with jetted tub and "
"With over 125 K price reduction this stunning Cottonwood Heights home just got even more enchanting. This elegant custom home is nestled on an ultra quiet & sought after private lane. Beautifully remodeled and high quality upgrades throughout. And just to name a few; wood garage doors, exterior copper trim, custom front doors, solid wood doors , hardwood floors, plantation shutters and roman shades, security cameras, gourmet cherry kitchen with all highest end appliances from Viking, Miele a"
"(2 Homes) This is a rare opportunity to own a majestic residence accompanied with a stunning guest house. This property boasts 8600 sq. ft. of living area, on a lot spanning over one acre. The main house has 5BR/4BA and an additional 2BR/2.5BA in the separate quest house. It's opulent old world charm is abundant throughout, with sublime architectural details in every room. The front entrance features a graceful twin staircase, overlooking a spaciously grand living room with 24' ceilings and thr"
"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."
"PRICE REDUCED BY $750,000.00. Incomparable traditional design, exquisite materials, incredible detail make this one of the most premiere prestigious Holladay in Roseland subdivision with 1.03 Acre Estate. This home has been totally renovated with exquisite design & quality, Thermador six gas burner with two ovens, as well as two dishwasher, and built in ice maker,built in subzero refrigerator and freezer with two cooper sinks. Main Floor is over 3100 sq. ft. of open space. Rows of French do"
"HARD TO FIND 1.47 ACRE 14,233 SQFT HOME NEAR DOWNTOWN. THIS HOME HAS EVERYTHING, IF NOT TWO OF EVERYTHING. 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"