Lease Contract Renewal Sample Philippines. A Rent-To-Own contract is more correctly referred to. A Rent-To-Own contract is more correctly referred to as a Contract of Lease with Option to Purchase or CLOP.
Period of the Lease - The period of the lease is the amount of time that the Lessee can take possession of the property.
This is similar to lease option.
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CONTRACT OF LEASE (1)
However, the approval of the lease renewal depends on the tenant's reputation and relationship with the owner. Include the renewal terms The following paragraph should contain the renewal terms of the lease. A Rent-To-Own contract is more correctly referred to.
