LEASE option is a form of financing strategy.
As the name suggests, it consists of two parts: the lease and the option. The first part is where the tenant-buyer leases the property from the landlord-seller for a fixed period of time while the latter is allowing the tenant-buyer an option, not an obligation, to buy the property at an agreed price upon signing of the lease option agreement. The definition of a lease is not less than three years.
Already a subscriber? Log in.
Get 30% off with our ads free Premium Plan!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
