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Investments glossary

Lease Option

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If we want a love message to be heard, it has to be sent out. To keep a lamp burning, we have to keep putting oil in it.

— Mother Teresa

A lease option is an agreement that gives a renter a choice to purchase the rented property during or at the end of the rental period. It also precludes the owner from offering the property for sale to anyone else. When the term expires, the renter must either exercise the option or forfeit it. A lease option is also known as a lease with the option to purchase.


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