159 N Young St

Lease terms

Lease Terms (Lease-to-Own Option) Property Type: Single-family residence Term Length: 24 months (with option to renew by agreement) Monthly Payment Monthly Rent: $1,375 due on the 1st of each month Late Fee: $75 after the 5th day of the month, plus $10 per day thereafter until paid Move-In Costs Non-Refundable Option Fee: $2,800 due at signing Grants tenant the exclusive option to purchase the property during lease term Option fee may be credited toward purchase price if option is exercised Security Deposit: $2,800 refundable subject to lease conditions Purchase Option Purchase Price: $180,000 locked in during lease term Tenant may purchase property at any time during lease with 30 days written notice Any agreed rent credits must be stated separately in contract Maintenance & Repairs Tenant responsible for routine maintenance: Lawn care HVAC filter changes Minor repairs under $300 Utilities Landlord responsible for major structural issues unless caused by tenant negligence Property Condition Property leased as-is unless otherwise agreed in writing Default Terms If rent is unpaid beyond cure period or lease is materially violated: Purchase option may be forfeited Eviction proceedings may begin according to state law Option fee is non-refundable unless otherwise required by law Insurance Tenant must maintain renter's insurance Landlord maintains dwelling insurance Occupancy Only approved occupants may reside in property Pets * Subject to landlord approval and additional pet deposit/fee