Lease option

Lease option

A lease agreement that gives the tenant an option to buy the property. Usually, a portion of the regular monthly rent payment will be applied towards the down payment.

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Part of Speech: noun
Synonym(s):
Blossary:
Industry/Domain: Real estate
Category: General
Company: Coldwell Banker
Product:
Acronym-Abbreviation:

Collect to Blossary

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Related terms

lease option

Real estate; General

A lease agreement that gives the tenant an option to buy the property. Usually, a portion of the regular monthly rent payment will be applied towards the down payment.

lease option

Real estate; General

A lease agreement that gives the tenant an option to buy the property. Usually, a portion of the regular monthly rent payment will be applied towards the down payment.

lease – option agreement

Business services; Relocation

An arrangement by which a renter leases a house with an option to buy at the end of a specific period of time at an agreed-to price.

Lease

Real estate;

Agreement between owner of property and tenant stipulating amount of money to be paid that will allow tenant to possess property for a predetermined amount of time

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