Texas Lease to Own Agreement

The Texas Lease to Own Agreement is a contract used to set binding terms and rules required to be followed by a tenant who plans on purchasing a property at an agreed-upon date and price. It’s preferred by Texas property owners and investors for its likeliness of introducing homebuyers with less than desired credit into the property due to lower downpayment requirements, all the while leaving sellers with the rights to evict the tenant(s) for a breach of the contract.