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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"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 "
"Location, location, Location!!! Amazing Utah Lake Views!!! Large deck with retractable awning. Practically no neighbor behind house, super nice neighborhood, open and large floor plan, 2 bedroom, large lot with fruit trees. Buyer to verify all info."
"Beautiful home with new renovations! PRICE SLASHED 10,000 FOR FAST SALE. Great room, open floor plan, kitchen with new appliances. Tile floors and new carpets. New paint. Huge game room or theater room! LIFE TIME TILE ROOF Fantastic home! Excellent secluded location!"
"Reduced Beautiful Family Home! Largest Fieldstone floor plan very spacious much bigger than it looks, beautiful kitchen over sized pantry, huge master bedroom, main floor office/dent room. big deck area Close to schools, 2 RV parking, lots store shed 198 yd . all appliances stainless Steel Must see to appreciate!"
"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"
"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."
"SALE FAILED DUE TO FINANCING! 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 $315,000 PURCHASE PRICE. $2,000 A MONTH PLUS HOA FEE! CALL TODAY FOR A SHOWING. Also available for rent, long term tenants only."
"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 "
"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."
"Upgrades include: Magnificent 9' ceilings throughout, sensational larger windows, 2 furnaces with built in humidifiers, electronic air filtration, 2 brand new 50 gallon water heaters, hot water loop for instant hot water, soft water brine tank in garage, Whole-home smart wired for intercom and whole home speakers, fresh paint everywhere, superb main level office, sitting room, fantastic great room, mud and craft room, beautiful hickory hardwood floors, new tile backsplash in kitchen, alder cabi"
"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"
"PRICE REDUCED on this gorgeous home! Relax in the large family room while taking in the beautiful views of the mountains and open pasture. West-facing home with unobstructed views out the back. Spacious master suite with small private office. Outdoor full-size basketball court. The basement houses a 44' x 78' full-size gym with a separate entrance and bathroom. With the outside entrance and plenty of parking, the basement gym could be used for fitness classes, ball games, training, or even"
"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
"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"