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Utah County Lease Options

Lease Options in Utah County

What is a Lease with an Option to Buy?

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.
$39,000
1545 N STATE ST, Orem UT 84057
3
BEDS
2
BATHS
924
SQFT
$42
$/SQFT
0.01
ACRES
1999
BUILT
"55+ community, recently remodeled with granite countertops in kitchen and bath. Park fee is $350 per month that covers the water and sewer. Excellent condition. You will be impressed!"
$224,900
3225 N 150 W, Lehi UT 84043
3
BEDS
3
BATHS
1,844
SQFT
$122
$/SQFT
0.04
ACRES
2008
BUILT
"Want to live in an upscale community that is conveniently located on the Utah County/Salt Lake County border? Then this is your place! For example, it's roughly a half hour drive to either BYU or UofU. The Ivory Ridge Community features 3 swimming pools, 11 tennis courts, a playground for the kids, a great gym to workout in and a large space for a business meeting or social gathering. There is brand new High School going in just a few blocks away, American Fork Canyon is just up the road to the "
* LISTED OVER 120 DAYS 
$234,900
45 S 200 E, Lindon UT 84042
3
BEDS
2
BATHS
1,500
SQFT
$157
$/SQFT
0.50
ACRES
1956
BUILT
"This property has been a nice little rental. The tenants are long term and have taken good care of it. They do need some notice as they have pets. Rents are $1150 but have been higher. The lot is currently worth $190,000 and to build here would require demolishing the house estimated to cost $4-5,000 but will save about $15,000 in impact fees a vacant lot would cost you. The property is listed as a lot as well. Buy and hold. It will cashflow till you want to build your dream home in this nice ne"
* LISTED OVER 120 DAYS 
$294,900
6880 N FAIRFAX DR, Provo UT 84604
1
BEDS
1
BATHS
788
SQFT
$374
$/SQFT
0.24
ACRES
1957
BUILT
"Cozy cabin located in Beautiful Vivian Park. This cabin is within 5 minutes of world-class skiing at the Sundance Ski Resort. Also nearby is hiking, mountain biking, blue-ribbon trout fishing, and just about any other outdoor activity you can think of. VIVIAN PARK is a gorgeous area just minutes from Provo and Sundance ...a 5 minute walk to a city park with large children's fish pond, the station for "Heber Creeper" R.R., Provo River, (the best fly fishing in the world) plus the Provo"
* LISTED OVER 120 DAYS 
$499,900
1239 S 910 W, Lehi UT 84043
5
BEDS
3
BATHS
4,390
SQFT
$114
$/SQFT
0.50
ACRES
2014
BUILT
"Beautiful 1/2 Acre Lot! West exposure helps melt your snow in the winter and gives you shade in the summer. Popular 2 story floor plan with 5 bedrooms (4 on the upper level, 1 on the main), plus room in the daylight basement for expansion. Upstairs laundry, lots of natural light. Fabulous neighborhood with easy commute on Pioneer Crossing. Call today for full details."
* LISTED OVER 120 DAYS 
$350,000
3898 E CLUBHOUSE, Eagle Mountain UT 84005
5
BEDS
3
BATHS
4,198
SQFT
$83
$/SQFT
0.16
ACRES
2006
BUILT
"ALL NEW CARPET! Beautiful Home with Lots of light and vaulted ceilings. LARGE rooms, pictures don't do the home justice! Located in the Ranches development across street from gold course. Possible lease. Easy to show mechanical keybox. Text or email agent for showing instructions"
$492,000
5080 W 12800 S, Payson UT 84651
5
BEDS
4
BATHS
4,007
SQFT
$123
$/SQFT
8.88
ACRES
1975
BUILT
"This is a great farm property just west of I-15 in Payson. The 4007 sf home is spacious and was almost completely remodeled in 1993. There is a large 3 car garage as well as a barn and a hay barn. There are 2 shares of Strawberry Water per acre and the pasture area has sprinkler risers. There is also a culinary well on the property. This property truly is a rare find! Square footage figures are provided as a courtesy estimate only and were obtained from county records. Buyer is advised "
* LISTED OVER 120 DAYS 
$575,000
10269 N BAYHILL DR, Cedar Hills UT 84062
5
BEDS
4
BATHS
7,000
SQFT
$82
$/SQFT
0.29
ACRES
2007
BUILT
"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"
* LISTED OVER 120 DAYS 
$774,900
2523 S BRUSH CANYON DR, Mapleton UT 84664
5
BEDS
5
BATHS
8,764
SQFT
$88
$/SQFT
1.04
ACRES
2007
BUILT
"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"
* LISTED OVER 120 DAYS 
$2,290,000
1526 S LEFT HAND FRK, Springville UT 84663
4
BEDS
4
BATHS
3,802
SQFT
$602
$/SQFT
30.00
ACRES
1975
BUILT
"Hobble Creek canyon home & 30 acres with year-round spring. Views in all directions. Effective age of home is 2001 - complete remodel. Sun room with passive solar heat. Vaulted ceilings, heated garage. Barn 40 X 30 with electricity & water. 20 acres irrigated. Trex, covered deck w/views. Heated 4 car garage & work shop, RV parking. Driveway is milled asphalt. Taxes based on green-belt status. Water from spring is gravity fed to house & pastures (45 psi.) Range is dual energy. Wal"
* LISTED OVER 120 DAYS 
$2,999,000
9435 N ALPINE LOOP RD, Sundance UT 84604
7
BEDS
5
BATHS
5,000
SQFT
$600
$/SQFT
0.39
ACRES
2002
BUILT
"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 "
* LISTED OVER 120 DAYS