Intent to Exercise Purchase Option

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{Date}

To: {Name}
      {Address}
      {City, State, Zip}

Dear {Recipient},

This letter shall serve as notice that I intend to exercise the purchase option in my lease, which is in section {name/number} of the lease dated {date}.

I intend to purchase the property located at {address and/or description of the property}.

According to the terms of the lease, the option price of the property is {amount}, payable {terms of the purchase}.

I have enclosed {amount} as the initial deposit.

Sincerely,

{Sender}

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