A Kansas rent-to-own lease agreement provides tenants with the option to rent a property and buy it in the future. It enables them to accumulate a portion of their monthly rent payments as credits toward the property’s future purchase.
If a tenant decides not to exercise the purchase option, the landlord retains ownership of the property and can sell to a new buyer or explore different strategies. This agreement allows renters to become homeowners over time, giving them the chance to commit to the property in the long run. At the same time, landlords benefit by having a steady income and the potential for a lasting commitment from tenants.
Landlord-Tenant Laws: Chapter 58, Article 25 (Landlords and Tenants).
Purchase Agreement Laws: Chapter 58 (Personal and Real Property).
