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The following is a short document checklist, which a landlord/seller may find useful in lease-option transactions:
Lease Application
Credit Reports/Tenant Screening Reports
Employment Verification
Bank Verification
Lease Security Deposit
Lead-based Paint Disclosure
Lead-based Paint Booklet
Seller’s Residential Real Estate Sales Disclosure
Option to Purchase
Sample Purchase Agreement
Sample Warranty Deed
*Sample Note (unsigned)
*Sample Mortgage
Notice by Tenant of Exercise of Option to Purchase
*Second Credit Report
Title insurance commitment
Notice by Owner of Changes in Property Condition
Appraisals, inspection reports, etc., as required by lender
Settlement Statement
Signed and recorded Deed
*Signed Note
*Signed Mortgage
Disclosure of Sales Information
Record Deed and *Mortgage
*Mortgagee’s Title Policy
(*used when landlord is providing financing to tenant)
