It would be best if you consult with an EXPERIENCED Real Estate Attorney and/or Landlord Tenant Attorney who practices law in the same area where the rental property is located for direct advice. Many State Landlord Tenant Laws exclude lease-to-own contracts and you need to find out whether the Colorado Landlord Tenant Laws even apply to your situation. Additionally, because you have a situation where the Landlord/Seller is "crediting" you with a portion of the rent, you should be very careful to follow the appropriate laws to avoid losing your "credit". Be careful.
Good luck with your investigation. Please let us know what you find out...
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