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A lease option is an arrangement between the buyer and the seller to purchase a house after renting it for a specific period of time. A portion of the rent. A commercial lease agreement with an option to purchase, also known as a lease option, is a form of commercial real estate contract in which the tenant and. The timing of the transfer of ownership of the property is changed. With a "true" lease option, ownership transfers when the option is exercised. If the.

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In a lease-option arrangement, you still own the house until the buyer actually completes the purchase so you keep all tax benefits related to the property. A lease option, also called a lease with the option to purchase, is a type of lease contract that lets a renter purchase their rented property either during or. A lease option gives a potential buyer more flexibility than a standard lease-purchase agreement, which requires the renter to buy the home when the lease ends.

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A lease option, also called a lease with the option to purchase, is a type of lease contract that lets a renter purchase their rented property either during or. A Lease-Purchase Contract, also known as a Lease Purchase Agreement, is the heart of rent-to-own properties. It combines elements of a traditional rental. About this Form: This form is an Option to Purchase, also known as a Lease Purchase Option. It grants the tenant the right to purchase the rental property.