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 U.S. Facts Of Law:


Lease With Option to Buy

A lease with option to buy contract (also known as a lease-option or lease-purchase contract) is a contract with the combination of a lease agreement and an option to purchase agreement where the tenant may elect to purchase the property.  The tenant normally will pay rent and may pay a non-refundable option deposit that will apply to the purchase price if the tenant exercises the option to purchase the property.

The lease with option to buy provides the tenant with the exclusive right to purchase the property according to the terms of the agreement.  If the tenant decides not to exercise the option to purchase the option deposit is forfeit and the lease terms of the agreement apply.

 

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Facts of Law about the real estate lease with option

Facts of Law - Lease With Option