An Idaho rent-to-own agreement allows tenants to lease a property with an exclusive option to purchase before the lease term concludes. Designed to meet state laws and regulations, the legal document includes essential details like transparent financial planning, maintenance responsibilities, and provisions for property inspections.
With the flexibility for a portion of the monthly rent to contribute toward the future residence purchase, this arrangement is the perfect solution for tenants aiming to rebuild credit or experience a property before committing to ownership.
Landlord-Tenant Laws: Title 55, Chapter 3 (Rights and Obligations of Owners) and Landlord and Tenant Manual.
Purchase Agreement Laws: Title 55 (Property in General).
