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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"5/15...HOME IS UNDER CONTRACT. WE'RE LOOKING FOR BACKUP OFFERS ONLY AT THIS TIME This could be the best home in the neighborhood! Clean, spacious, and potentially move-in ready! You'll love the floor plan & functionality of the home. Please see this home before buying anywhere else."
"Seller Financing Available! Beautiful move-in ready, barely lived-in home in the Le Cheminant subdivision of Vineyard. This home features granite countertops and stainless stainless appliances in the kitchen, open stair railing on the main floor, laminate hardwood flooring and tile throughout, and a large master bedroom suite. Enjoy the stylish grand master bath and deep master closet. The main level has a sought-after open floor plan that flows from the kitchen to the dining and family room are"
"Great property out in the country on the south side of Utah lake, in the area called "Lake Shore". Plenty of room for horse and cattle on this 5 acre lot. House has wood burning fireplace with an open and uncovered trexboard deck in the back of the house. Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised to obtain an independent measurement."
"Beautiful single level living in an Alpine 55+ Community. This place is amazing. It was recently built and has all the added, upgraded finishes. It is an open concept design to give that open feel. The master bedroom is complete with one of the most amazing master baths in Alpine. This place is a must see. Don't miss out on it! See agent remarks for lease option terms."
"BREATH TAKING! Home has everything you need with room to spare ... pay attention to the details when it comes to the finish work! Also with the mother in law space. This home can suit a 2 generation household. Gated community with plenty of open space. THIS IS A MUST SEE! Square footage figures are provided as a courtesy estimate only and were obtained from Tax Records . Buyer is advised to obtain an independent measurement. Showing appt required with a minimum of 4 hours advance notice. "
"Beautiful, new home just finished in a 55+ community in Alpine. This is single level living at its finest. The open concept makes it easy to entertain or fit a lots of people in the living area. Throughout the home there are big windows letting in tons of natural light. The master bedrooms is a great size and the master bathroom is massive with separate tub and shower and giant closet. The basement is finished with 2 bedrooms and a full bathroom. The home is complete with a 2 car garage. This pl"
"Great to be built plan on this lot with tons of potential in one of Lehi's most popular areas. The neighborhood is nearly sold out. Great open concept rambler with 3 bedrooms and 2 baths. Great time to come customize your home from the ground up. Get standard - granite counter tops in kitchen and both bathrooms, tile and hardwood floors, 3 tone paint and more. This new home qualifies for down payment assistance and local grant programs! Call us for details! See agent remarks for lease option te"
"Great House, but does need a little work.... Seller is anxious & will consider reduced price to compensate. UNOBSTRUCTED MOUNTAIN & LAKE VIEWS ...from almost every window! Wonderful Rambler with a 400-sq.-ft. upstairs Bonus Room, in addition to the main-floor & basement Family Rooms! A spacious "mother-in-law" 2-bedroom apartment in a portion of the walk-out basement (with storage and its own laundry room) is yet another great feature! Large Master Bedroom with Grand Mast"
"Amazing views of valley, lake & mountains. Great open layout. Elegant master suite on main floor. Granite counters, custom glazed cabinets, double oven, 2 fireplaces, perfect deck. 3 bedrooms upstairs, plus one more in basement. Office/Den main floor. Must see home in a great location. Easy to show. Ask your agent about the 19 piers that have been installed on this great property."
"5 bedroom/4 bathroom, 8000 TOTAL SQUARE FEET with the additional 2500 sq ft pool house which has 3 bedrooms 3 bathrooms, full kitchen, laundry & pool/hot tub and family room area) RV parking, 8 car garage, Elevator, 13 seat theater, very large great spaces, Intercoms throughout."
"Amazing views on this large 7000 square foot home with a full Mother-in-law apartment complete with separate entrance, daylight with views of lake and valley even from Mother in Law level. Tons of storage throughout. Custom built with radiant heat, room to grow in 2nd basement below the apartment. Large covered deck spans across entire back of home, breathtaking views, and an extra basement complete with Indoor basketball court. Basketball court could be finished into a near regulation racque"
"All new paint and flooring. Great open rooms for family gatherings, parties, and entertaining. Master on main. Beautifully landscaped yard. Large shop and extra garage. Quiet neighborhood. Available for showings on March 30th, after improvements have been completed. Buyer to verify all information."
"Price Reduced: Lowest price per sq ft in the area. Immaculate home in the exclusive Triple Crown neighborhood! The grounds are private, and beautifully landscaped. A large covered patio on the back of the home provides breathtaking, unobstructed mountain views. This home boasts a large open floor plan. The gourmet kitchen offers the finest of finishes including high end granite, double ovens, built-in microwave and refrigerator/freezer, large gas cooktop, 2 pantries and 2 dishwashers. In addi"
"Nestled against the mountain in Alpine, this classic 2 story all brick home opens up from the elegant entry to offer fabulous views, and spacious comfort everywhere you turn. Gracious space on main floor for living, formal dining, family room, and huge office. Bedrooms are up, and downstairs offers a huge family room separated from the 2 bedroom 1 bath Accessory apartment. The yard has mature trees, and the home is well maintained. Come enjoy all the comforts Alpine has to offer."
"Backs to Open Space; unobstructed 360 deg. views; irreplaceable lot; Main floor living with spacious entertainment areas; Windows take in valley, mountain and sky on all sides. 8' solid doors throughout-Mahogany/Hickory; 13-20- ceilings on the main, 10' in the basement. Full house lighting and sound system. Radiant Heat. Custom mahogany kitchen. Huge master suite with steam shower, and enormous walk in closet. Full working office on partial second level-more views. Basement with views of mountai"
"Magnificent secluded stone and timber river house located in the beautiful Sundance Resort. The ambiance of the Sundance spirit is reflected throughout four levels of artistic mastery in every detail. Enjoy the peaceful sounds of the glacial river running through the back of the home, while taking in the stunning mountain views of the Timpanogos. Live the experience at Sundance, with world-class skiing, hiking, biking, incredible restaurants and art culture. Quick and convenient 30-minute drive "
8272 E LEFT HAND FORK HOBBLE CREEK, Springville UT 84663
"Exquisite! Extrordinary! Amazing! Outstanding!, These are all terms that have been used to describe this Mansion nestled beneath the Utah Wasatch range. Beautiful Imported materials, Indoor swimming pool with slides, water fall, lazy river and hot tub. Movie Theater, Bowling alley, Indoor shooting area, Indoor basketball court and meeting area, elevator, heated drive, outdoor lighting, and so much more it is too much to mention. Includes Parcel # 16-033-0031 75.64 and Home also included is Parce"