Indiana Lease to Own Agreement


The Indiana Lease to Own Agreement, also called a “Rent to Own Agreement,” is a two-for-one contract that serves as a lease agreement (with slightly modified conditions), and then as a purchase agreement at the expiration of the lease – but only if the tenant decides to purchase the property. Indiana tenants looking to sign this type of agreement should take caution, as novice renters can be taken advantage of by landlords if the renters do not take the time to carefully understand the agreement.