It is strongly wise. A lease option is a binding contract with money at stake, and a lawyer can spot unfair terms.

What if I cannot buy at the end?

Often you lose the option fee and any credits. Check the contract for extensions.

Lease option contract review before you sign

A lease option is a contract first. Most disputes come from clauses buyers did not read, so slow down before you pay an option fee.

Option fee: is it credited to the price, and is it refundable?
Purchase price: fixed now or set by appraisal later?
Default: what counts as a missed payment, and do you lose your credits?
Repairs and taxes: who pays during the lease?
Registration: can your option be registered on title?

Have a real estate lawyer in Ontario read the agreement. Pick providers who answer these questions plainly and in writing.

What it costs

A lawyer's review is a separate cost from the deal itself. The deal costs are driven by the option fee, rent premium, purchase price and term. Ask the lawyer for a fee quote up front.

Top 3 by our score

Ranked from our published scoring of public Google reviews for lease option & lease-to-own.

1. The Polsinello Real Estate Team
5.0★ · 1222 reviews

95
2. Flinnco Property Management & Rentals Inc.
4.8★ · 227 reviews

91
3. HL Real Estate
5.0★ · 116 reviews

91

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FAQ

Do I need a lawyer?: It is strongly wise. A lease option is a binding contract with money at stake, and a lawyer can spot unfair terms.
What if I cannot buy at the end?: Often you lose the option fee and any credits. Check the contract for extensions.

Quote and contact requests you submit through our own forms may be passed to one or more partner providers who can carry out the work, and we may receive a fee for those referrals. Rankings and scores are not influenced by referral fees; they follow our independent, published scoring method.