Lease Option

Lease Option,

Lease Option Definition:

  1. Lease Option can be defined as, A lease option is an agreement that gives tenants the opportunity to purchase a leased property during or at the end of the lease term. This prevents the owner from selling the property to anyone. At the end of the term, lenders will have to exercise or give up. An option on a lease is also called a lease purchase option.

    • A lease option is an agreement that gives tenants the opportunity to purchase a leased property during or at the end of the lease term.
    • The rental option also prevents the landlord from offering to sell the property to someone else.
    • The tenant usually pays a certain percentage of the standard monthly rent, which is used as an initial payment when buying a home.

Literal Meanings of Lease Option

Lease:

Meanings of Lease:
  1. An agreement in which one of the parties transfers land, goods, services, etc. other than that. Usually for a specified period through regular payment.

  2. Lease Discount (Property)

Sentences of Lease
  1. Six months rent in a store

  2. Renting a site from a local business

Synonyms of Lease

leasehold, rental agreement, hire agreement, charter, contract, rent out, rent, hire, hire out, sublet, sublease, farm out, charge for the use of

Option:

Meanings of Option:
  1. Anything that can be selected.

  2. Aggressive game where the ball carrier has the option to run, pass, pass or play late.

Sentences of Option
  1. Your second script will be activated when you read this

Synonyms of Option

choice, alternative, recourse, possibility, course of action