How a Consumer Hired a Lawyer to Draft a Lease To Own Agreement in Arizona

In 2023, an individual in Arizona sought assistance with drafting a lease-to-own agreement. The client had recently purchased a home and needed to establish a contract that would allow a tenant to take ownership of the property upon completion of the mortgage, contingent on the timely payment of said mortgage. Additionally, the client wanted to ensure that the agreement included a provision for the tenant to pay a minimum of 20% of the equity in the event of a sale before the mortgage was fulfilled. As a result, the client received two proposals from licensed attorneys, with flat fee bids ranging from $375 to $1,000, all submitted to complete the contract drafting within the requested deadline of less than one week.