133 S Paseo Pena

55+ community Lease-to-Own Agreement 133 S Paseo Pena, Green Valley, AZ LEASE-TO-OWN AGREEMENT Property Address: 133 S Paseo Pena, Green Valley, AZ 1 Lease Term & Monthly Rent Lease Start Date: [Start Date] Lease End Date: [End Date, typically 1 2 years] Monthly Rent: $1,250 per month 2 Option to Purchase Purchase Price: $130,000 (fixed) Fee (Down Payment): $5,000 upfront (non-refundable but credited toward purchase) Rent Credit: $400 of each monthly rent payment applies toward the purchase price if the tenant buys. Example after 12 months: $5,000 + $4,800 = $9,800 applied to purchase Purchase Deadline: Tenant must exercise the option by [End Date of Lease]. Financing: Tenant is solely responsible for securing financing or cash to complete the purchase. 4 Utilities & Fees Tenant Pays: Electricity, gas, internet, TV, Landlord pays HOA fees. HOA pays for gas and trash. Landlord Pays: HOA dues Green Valley Recreation (GVR) is available. Community Age Restriction: Tenant acknowledges this is a 55+ community. Summary of Payments (Example, 12 Months) Example after 12 months: $5,000 + $4,800 = $9,800 applied to purchase Purchase Deadline: Tenant must exercise the option by [Final Date e.g., End Date of Lease]. Financing: Tenant is solely responsible for securing financing or cash to complete the purchase. 55+ community Rental Terms & Utilities: Monthly Rent: $1,150 Tenant Pays: Gas and electric only Owner Pays: HOA, water, and garbage HOA Includes: Landscaping, exterior maintenance, water, trash pickup, A/C filter changes, water, water heater, exterminator, roof, pools, laundry rooms, and more Security Deposit: One month's rent Minimum Credit Score Required: 700 Income Requirement: 2.5x rent ($3,000/month or more) Age Restricted: 55+ community