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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"Great deal in Oakbrook! It has a large yard with double size shed. Parks and basketball courts nearby. RV parking available. Vaulted ceilings, seperate laundry room, walk in closet. Seller is putting in new flooring in kitchen and hall. Brand new roof put on 3 years ago. Amazing mountain views!"
"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 "
"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"
"Former model home with many upgrades! Close to Lone Peak High School in a great neighborhood. Vaulted ceilings, crown molding, fully fenced, professionally landscaped, hardwood floors, covered patio, central vacuum, etc. Seller financing available. Showings by appointment only; Tuesday Evenings, Thursday evenings or Saturday Mid day. 24 hour notice required."
"STUNNING CRAFTSMAN STYLE EXECUTIVE HOME BUILT BY A TRUE CRAFTSMAN WITH ATTENTION TO DETAIL AND QUALITY MATERIAL IN THE PRESTIGIOUS CRYSTAL SPRINGS NEIGHBORHOOD. THIS SPACIOUS RAMBLER FEATURES 3 BDRMS & 2 FULL BATHS, MASTER SUITE W/ WALK-IN CLOSET AND GRAND MASTER BATH W/ LARGE GARDEN TUB, STUNNING TILE AND SEPARATE SHOWER. STAINLESS STEEL APPLIANCES W/ HIGH-END GRANITE THROUGH-OUT, CUSTOM CABINETS THROUGH-OUT. THIS HOME HAS ALL THE UPGRADES YOU WANT. EASY TO SHOW. BRING YOUR PICKY BUYERS. VA"
"Come and see a Grandview Gem! Situated on the west side of Grandview Hill, views of Y mountain are breathtaking. Privacy abounds with a fully fenced backyard which hosts a garden, spacious patio, and play area. Plenty of room in an RV area to store four-wheelers or other outdoor tools or machines. The interior is clean, well maintained and move-in ready. Priced competitively so you can feel comfortable putting your personal touch on this property."
"CE-2 Critical Environmental Zoning. The home that is currently existing on the property needs remodeling. The gross living area is 6,840 sq ft. There is also a garage portion that includes a set up for living quarters with a 2 door garage. Great potential for a vacation property. Home is key-boxed for a supra key. Call agent before showing for details on the property."
"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"
"New Home in Harvest Park subdivision. HOA FEE INCLUSIONS: Structural insurance on home, Water (inside and landscape), Landscape Maintenance, Snow Removal, Limited exterior maintenance, Pest control on outside of home (bird nests, voles, wasps), All common area fees for parks, trails, and clubhouse. AVAILABLE FOR LEASE OPTION AT $299,900 PURCHASE PRICE. $2,000 A MONTH PLUS HOA FEE! CALL TODAY FOR A SHOWING."
"Steal this fully framed home and save thousands by finishing it yourself with contractor support if needed! This home is fully framed and ready for you to take over the construction process. Price may increase as the current builder continues construction. 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. Up"
"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."
"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 "
"**PRICE REDUCED** SEVEN BEDROOM beautiful home with awesome views of the mountains, valley, and lake. Lots of custom extras. Large kitchen, large island bar in kitchen. Computer desk area in loft upstairs. Large family rooms on main and lower level. Beautiful master bedroom with see-through fire place to bathroom. Basement is completely finished, with bonus Martial Arts studio, or can be changed to theater room with 9' ceiling. LED high efficiency lighting throughout the home (has lowered cost "
"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"
"Agricultural/Residential, master planned Commercial. Great opportunity to be at the Border of Lehi, and the Gateway to Saratoga Springs. One lot away from Lehi's 2100 N that runs directly to i-15, and well situated to take advantage of the growth and development from Sartaoga Springs. Lehi and the Mountain View Corridor."
"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"
"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"
"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 "