Lease With Option To Purchase
Definition of "Lease with option to purchase"
Provision in a lease agreement in which the lessee is given the right to buy the property at the end of lease term. In many cases, the option price is attractive to encourage acquisition. For example, a tenant may enter into a five-year lease or an apartment with the option to buy it when the lease expires for a predetermined price.
Popular Real Estate Terms
model depicting on paper what a structure physically looks like. The dimensions are draw on a proportionate basis to the real thing. An example is a scale of an existing or proposed office ...
Index of the costs to construct residential properties. ...
Unincorporated combination (roll-up) of limited partnerships in a real estate together as a group. It is usually more comprehensive, financially sound, and marketable than individual ...
Method of selling and obtains possession, but the seller retains the title. ...
Number of times a given amount of capital assets turn over to generate sales over a given period of time. ...
Building with large unpartitioned floors areas often used for storage. ...
Partial fulfillment. Pro tanto is normally used in relation to the partial satisfaction of a claim. For example, a pro tanto settlement in an eminent domain action will not prejudice any ...
A municipal or county local government board that resolves zoning disputes. ...
percentage of land that may be used productively to the total square footage of the land. For example, if total square footage is 40,000 but only 30,000 square feet may be built upon ...
Have a question or comment?
We're here to help.