a lease with an option to buy within some time period
an arrangement with you and a seller to exercise the option to buy a house after you have rented it for a specific period
The process when you rent your home to a tenant/buyer, giving them the option to buy the home anytime during the lease period. The lease period can be any number of years and is negotiable. (This process is a very quick way to debt relief, chosen by many).
A lease that contains the right to purchase a property for a specific price during a given time frame.
A lease with a clause stating that the lessee has the right to purchase the property. The price and terms must be set forth in writing for the option to be value.
a lease with an option to buy usually the decision rests with lessor.
An agreement between two parties where the party who owns the property extends the right to purchase the property at a future date. The second party lives in the property until the lease option expires.
A contract in which an owner leases property to a tenant but gives the tenant the option to re-lease the property at the end of the term on the same terms and conditions except for the amount of rent and the availability of any further option.
A lease agreement under which the tenant has the right to purchase the property at an agreed upon price.
A lease option is an agreement in writing in which the owner of a property allows someone to rent the property with an option to buy it at a specified price, and within a certain period of time.
A lease containing an option giving the lessee the right to purchase the property. The price and terms of the purchase must be set forth for the option to be valid. The option may run for the length of the leases or only for a portion of the lease period.
A lease granting the tenant an option to purchase the property after a specified period of time.
A provision within the lease to extend the lease, generally at the tenant’s option, at a specified rate and for a specified term.
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.
An option for a tenant to purchase a property after a rental period; monthly rent payments also include an overage, which can later be applied to a down payment.
A lease under which the tenant has the right to purchase the property either during the lease term or at its end.
A written agreement between a property owner and a tenant that allows the tenant to use a property in exchange for rent, but it also gives the tenant the option to buy the property for a certain price within a specified time period.
An agreement by which the lessee (tenant) has the unilateral option to purchase the leased premises from the lessor (landlord). Some lease option agreements provide for a portion of the rent to be applied towards the purchase price. The price may be fixed at the beginning of the agreement or be determined by another formula, such as an appraisal at a later time. Also referred to as a "lease purchase."
A contract in which an owner leases her house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance. A lease option is often a good arrangement for a potential homebuyer because it lets him move into a house he may buy without having to come up with a down payment or financing at that time.
A lease which gives the tenant the right to purchase the property in a specified amount of time at a specified price.
A rental agreement including a tenant's option to purchase the property.
An alternative financing option that allows home buyers to lease a home with an option to buy. Each month's rent payment may consist of not only the rent, but an additional amount which can be applied toward the down payment on an already specified price.
A lease that contains the right to purchase the property for a specific price within a certain time frame.
A rental agreement indicating a tenant's option to purchase a property. Monthly payments consists not only of rent, but an overage that can be applied towards a down payment on an already established amount.
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A lease with an option to buy; said option can either be exercised to culminate in a purchase or forfeited by the optionee.
assists homebuyers in purchasing a home by allowing them to lease a home with an option to buy; made up of a monthly lease payment plus an additional amount that is credited to an account for use as a down payment.
A contract of leasing a house (usually from one to 5 years) to a person that payes a monthly rent and has the right to use the house and buy it at the end of the leasing period.
In real estate, a written agreement to let a person live somewhere in exchange for rent, and also gives that individual the right to buy the property later. In some lease options, a portion of the rent goes toward a down payment.
A contract in which an owner leases his house (usually for one to five years) to a tenant for a specific monthly rent, and which gives the tenant the right to buy the house at the end of the lease period for a price established in advance. This allows a potential home buyer move into a house he may wish to eventually buy without having to come up with a down payment or financing at that time
A clause in a lease that gives the tenant the right to purchase the property under specified conditions.
A written agreement in which an owner allows an individual to use a property in exchange for rent, and also gives that individual the right to buy the property for a specified price within a specified period.
Agreement, specified in the lease, which provides the tenant the option to renew the lease for a given time period upon the expiration of the initial lease. Most lease options include the landlord's right to increase the rent upon renewal.