A Missouri rent-to-own agreement is a lease-purchase contract that lets a tenant rent a landlord’s property and potentially buy it after the lease term. This document outlines each party’s responsibilities during the lease, like the tenant’s monthly payments and the landlord’s obligation to provide a habitable space.
You can find details regarding the option to purchase within a separate section. Both parties can negotiate the terms, including the property’s locked-in purchase price, the percentage of the monthly rent (if any) that goes toward the purchase price, and the time a tenant has to decide if they want to go through with the purchase.
Purchase Agreement Laws: Chapter 442 (Titles and Conveyance of Real Property)