State Specific Question About: ARIZONA (AZ)

How do I do a lease purcahse agreement?

I'm looking ar an old trailer to buy and don't have more than one or two thousand to put down. He's a motivated seller.

Is there a standard contract that I can print out? What do i need to do to make an offer?

My first Option to Purchase Agreement was typed by hand on white bond paper, and said exactly what the seller and I agreed to. We both signed it and it became a legal contract. But I would never do that again.

Each state has a way they treat Purchase Options. Make sure it is called an Option to Purchase--no other name--cause they mean slightly different things and are handled differently. You are not purchasing the actual trailer--till you are at the closing table! Initially you only buy an option to purchase the trailer. The option shd say you have the sole right to purchase the trailer for a period if time(1 or 2 yrs, from date this to date that). It shd state a fixed purchase price,(if bought within those dates)even tho the item may appreciate (not likely but it is a standard phrase), and it shd state the condition of the unit, and repairs needed, who make the repairs, or "as is," or any other thing that the buyer and seller agree to, like payments and interest.