Lease With Option To Purchase


Definition of "Lease with option to purchase"

Ken Gettinger real estate agent
Ken Gettinger, Real Estate Agent Gettinger Realty Group

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.

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