2707 Heatherlea Ct

Lease terms

Property: 2707 Heatherlea Court, Indianapolis, IN 46229 Monthly rent: $1,650, due on the 1st of each month Utilities: Paid entirely by tenant Option fee: $5,000, due at lease signing, non-refundable Rent credit: None - no portion of rent applies toward the purchase price Purchase price: $195,000, fixed for the full option period Option period: 36 months from lease commencement Option fee credit: Applied toward purchase price at closing if tenant exercises (adjust if you'd rather keep it as pure consideration, not credited) Exercise notice: Tenant must give written notice at least 60 days before the option period expires Financing: Tenant-buyer is responsible for securing their own mortgage and closing within the option period Maintenance & repairs: Tenant responsible for repairs/maintenance up to $5,000 per occurrence; landlord responsible above that threshold and for major structural/system failures not caused by tenant Property taxes & insurance: Paid by landlord during the lease term Default: Late rent or lease violations may void the option and forfeit the $5,000 fee