scott is the best! a georgia rent to own property agreement is a legally binding contract between a landlord and a potential new homeowner with an option to purchase the rented/leased property at some point during the agreement. rent to own agreement must be formal and also meet the requirements put for in georgia statutes. section 10-1-682 of georgia lease-purchase agreement, a lease with an option to buy must include the following: writing a georgia lease/rent to own agreement is much easier using our simplified rent to own form. all the information included in a rental/lease agreement such as premise address, tenant and landlord name and address, premise guidelines and term of the notice should also be included in a georgia rent to own agreement. a tenant will be required to pay “option to purchase fee”. this amount is non- refundable, but it can also be applied as a credit to the property purchase price if it’s exercised.