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 nonrefundable 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.
8272 E LEFT HAND FORK HOBBLE CREEK, Springville UT 84663
"Extrordinary home, one of a kind, outstanding views from all sides of this home, Imported Granite and marble throughout, entry is beautiful, imported fixtures. Indoor swimming pool with slides, water fall, dressing rooms. Theater, 2 lane bowling alley, indoor shooting range, indoor basketball court or meeting room, elevator. Heated drive with nicely installed pavers, outdoor lighting. Includes parcel # 16-033-0031 75.64 acres and Parcel # 16-033-0029 109.69 acres. total of 185.33 acres Call fo"
"This one-of-a-kind ranch on over 110+ acres of prime land in Hobble Creek Canyon is a haven for privacy, serenity and true outdoor living. Enjoy spectacular mountain and valley views from a 7,480 sqft, 6 bedroom, 4.5 bathroom home boasting a warm and inviting kitchen with enough space to serve up to 40 guests. There is a family room and den/office with exquisite wood details creating a sense of comfort and calm, ideal for family gatherings or corporate entertainment. The property includes a half"
"The ultimate in a Sundance mountain home. Creek frontage, mountain view, fireplaces, log and stone, etc. etc. etc. Go biking, skiing, boating, fishing, snow shoeing at Sundance or in close proximity. Seller financing possible."
"One of a kind estate in Utah County. Has separate city approved 1200 sq. ft. 3 br. 2 ba. Guest house w/ laundry, A/C. Main house has Basement apartment. Property has 4 water sources inc. 2 wells. Full automatic, covered and enclosed swimming pool w/ separate mens and ladies bath/dressing areas. Tennis (sports) court w/ basketball. Complete barn w/ additional separate outdoor stables. Additional Extra large, detached garage could fit RV. Fenced Pasture area. Over 80k block/brick fence surrounding"
"Lake front mansion, rambler with loft, private cul-de-sac. Great room w/24ft vaulted ceilings, massive knotty-alder beams, massive stone fireplace, alarm system, 16x8 alder sliding glass doors to walkout covered 800sf deck. Gourmet kitchen, lg granite island, lg master bed/bath & den all with unobstructed panoramic views of the lake, valley & mountains. Tinted low E windows with alder plantation shutters, stone & glass tile, counter tops are all granite, appliances are all stainless"
"SELLER'S MOTIVATED!!! BRING ALL REASONABLE OFFERS. SELLER FINANCING AVAILABLE!! BEAUTIFUL HOME IN A GATED COMMUNITY THAT IS HARD TO FIND, THIS HOME IS A MUST SEE. THIS HOME IS 100% COMPLETE AND READY FOR NEW OWNERS. THE HOME IS TENANT OCUPIED AND REQUIRES 24 HOURS NOTICE. SMART HOME FEATURES, THEATRE, FABULOUS VIEWS OF WASATCH FRONT, GREAT FLOOR PLAN, ALL NEW APPLIANCES 2010! NEW CARPET 2010!"
"This home has another home right next door that is for sale MLS#1126420. You can buy both homes or just one of them. Beautiful home, Country living. Farmland, Pressurized Irrigation. Water comes from well. Exterior Single Car garage behind the Home. Dog roams property. Please call for appointment."
"Lease option terms available. Custom 2-story on a large view lot. 10 foot ceilings, granite counters and a grand master suite are a few of the goodies on the main floor. Upstairs there are 4 large bedrooms and 2 bathrooms as well as a family room complete with a children's playhouse. Also included is an amazing whole-house audio system. The basement is unfinished and includes a separate outside entrance. The views and the lot space are supreme. Come and take a look at this masterpiece."
"Huge price reduction! Seller is motivated! This 4200 sf home is the best deal in Provo. Huge .75 acre lot. 4 bed, 3 bath, newly remodeled main level with gorgeous kitchen and huge master suite! Sprinklers are connected to well for unrestricted watering. Producing fruit trees, workshop, salon, detached office, RV Parking, the list goes on! Must see to appreciate!"
"*** PRICE REDUCED 7-25-14***. Priced to sell and home is in terrific shape! Upgrades are standard with this home. RV gravel pad, 7 acre park, trails & school within walking distance. Take a look at photo's to see how nice this home is. Ask your agent to add this home to your list of homes to see in Saratoga Springs, Lehi, or Eagle Mountain! Square footage figures are provided as a courtesy estimate only and were obtained from county records . Buyer is advised to obtain an independent meas"
"BEST VALUE IN LINDON. Seller Financing Available-EASY to qualify! Faces WEST, 3-car+HUGE RV pad, FUN yard-Fire pit, trampoline in-ground, Basketball area, Garden, FULL Fence. Hardwood floor, Mud room, Walk-in closets, Grand bath, formal living room, office on main+Large loft upstairs. HUGE park, Close freeway entrance. MUST SEE!"
"Spacious, Functional, Immaculate-Marble Entry, Island Kitchen, One lvl. Living, Quiet Neighborhood in Cul-De-Sac, Crown Moldings, No Steps-wheelchair accessibility as well as Bathroom, Huge Master Suite, Stainless Steel Appliances, Fenced Patio"
"Completely finished and upgraded house in fantastic neighborhood. Brand new carpet and tile on main and upper levels, granite, knotty alder, in-glass patio door blinds, smart pantry, water softener, spacious furnished laundry room, lots of storage space. Large, fenced, level back yard has generous patio, garden area, sand box, play sets and mature apple trees. Perfect low-traffic/high-convenience setting is 3 min. from shopping, 4 min. from freeway."
"The expansive, beautiful views of the lake and majestic mountains are a MUST SEE! Beautiful hardwood floors & decorator details add flair & personality! Enjoy the spacious open floor plan with wonderful great room & cozy fireplace! Lovely formal living room. Gorgeous custom kitchen with granite counter tops, stainless appliances, and raised knotty alder cabinets is an entertainers dream. Large bedrooms are a big plus with storage galore. Large windows & vaulted ceilings lets in l"
"Sale failed. Huge price drop. Large 2-story home with Mother-In-Law apartment w/ separate kitchen, entrance, etc. Directly across from Elementary school. New carpet, paint, tile. Age shows as 1950, but the vast majority of the home was built in 2001. Amazing price per square foot. Home is currently occupied. Call agent to set up appointment. Square footage estimates provided as a courtesy estimate only and were obtained from an appraisal. Buyer is advised to obtain an independent measurement. Bu"
"Best of Central Orem. Beautiful inside and out. Rare find in Orem! Professionally landscaped, in perfect condition. Great for one level living. Square feet as per County. Buyer and Buyer's Broker to verify all information including square footage and acreage."
"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"
"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."
"Beautiful Curb Appeal, Quiet Street, South Facing, Excellent Floor Plan, Updated, Many Upgrades and Very Well Cared For. 4-5 Bedrooms, 2 Bathrooms. Large Light and Bright Kitchen, Roomy Family Room with Fireplace, Great Master Bedroom & Master Bath. Top Notch Schools. This is what you have been looking for! Lone Peak High School Boundaries. Best priced home in this highly desirable neighborhood. Call today. One of bedrooms upstairs has been used as an office and the family room downstairs co"
"**SELLER FINANCING Available** Beautifully remodeled stunner with breathtaking views featuring .43 Acres of your own land, New Windows, 18" tile, Stainless steel appliances, new fixtures throughout, updated bathrooms, new kitchen cabinets, clean carpets, newly installed Central Air, new paint and more...Looking for your own piece of land before it is to expensive or to limited to find? Check out this solution and CALL US TODAY..."
"SELLERS MOTIVATED. This is the perfect home for a large family. It has 5 LARGE bedrooms, 3 family rooms and a big yard for family gatherings and play. It has lots of storage too! Why pay more for less when you can have a fully finished home and yard with large trees? It is close to everything, yet tucked away in a private setting on a quiet street. It is located in the heart of Springville where you can walk to school, the grocery store, the museum and so much more. The home really spar"
"Brand new never occupied in coveted Highland Townhome project - 2X6 construction means you don't hear your neighbors - Beautiful upgraded white raised panel cabinets - Granite throughout - 2 Tone paint with craftsman style moldings - 8lb memory foam carpet pad will make your carpet last longer - Upgraded ADA elongated toilets - Walnut stained Laminate flooring in kitchen and dining - attached spacious 2 car garage with room for loads of storage - 9 foot ceilings in main living areas with vaults "
"Great home located in a newer family friendly neighborhood. home features a formal living room; large spacious kitchen; walkin closet in master bedroom with built-in shelving and large cold storage under the porch. RV parking, and large wood playground."
"Great home in the Ranches Master Planned Community. Near schools, parks and walking trails. Home has been rented for the past 3 years to some very clean/good tenants, with 2 years remaining on lease. Great opportunity for an investor/landlord. Home is in great shape. Home has 9' ceilings on main, mature trees, lots of storage, 2 large decks, storage shed in yard, stamped concrete, full sprinkler system, quiet neighborhood etc."
"CHECK OUT THE DECK AND HOT TUB! This great little home is an excellent find. Located near the border of Springville and Mapleton close to Hwy. 89 for rapid access to Springville Main St. The kitchen has a gas range. The dryer hook-up will accommodate either gas or electric appliances. The downstairs bedrooms need wardrobes or armoires to hang clothing."
"Nice 3 bedroom 2 bath. Side yard and big fenced back yard. Central air. Need some work, but had a nice side yard and big backyard fully fenced, plus covered deck. One car garage. Tenants in house....call agent before showing"
"Desirable, top floor condo in well maintained community! Open and spacious layout, vaulted ceilings, 2-tone paint, custom shelving and details, thoughtfully designed kitchen with alder cabinets & pantry, large master bedroom, neutral colors, covered deck with storage, and terrific mountain views. Community clubhouse with exercise room, kitchen, great room and conference room, pool, Jacuzzi, playground, picnic area and basketball court. Perfect home for the buyer who has been searching for"
"Don't let this deal pass you by! 2-story town home with spacious floor plan. Pergo floors/carpets. Very nice area. Large open green space. Come see! Lots of closet & storage space. Nice easy access to a park. Fully landscaped. Fully fenced backyard. Cute patio area. Playground for your kids. Two covered parking spots right at the entry door."
"SPACIOUS INVESTMENT PROPERTY OR FIRST TIME HOME JUST MINUTES FROM PROVO MALL, BYU, & FREEWAY. FREE GOOGLE FIBER ALREADY INSTALLED. NEW TILE, PAINT, CARPET. COZY FIREPLACE. HOA INCLUDES: EXTERIOR MAINT., SNOW REMOVAL, INSURANCE"
"Nice updated 2 bedroom with vaulted ceilings. New paint, tile and more. HOA includes utilities, cable, yard work, pool, outdoor storage and a private patio. Large common area so there is plenty of room to roam or play. Highly sought after floor plan."