Property Management
A 'lease option' (lease with option to purchase) gives the tenant the:
AObligation to purchase the property at the end of the lease
BRight but not the obligation to purchase the property at a set price within a specified period✓ Correct
CRight to sublease the property to a third party
DRight to negotiate the purchase price after the lease ends
Explanation
A lease option combines a lease with a purchase option. The tenant (optionee) pays rent and has the right — but not the obligation — to purchase the property at a pre-agreed price within the option period. Option consideration may or may not be credited toward the purchase price.
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