Contracts
An Arizona lease that includes a 'lease with option to purchase' gives the tenant:
AThe obligation to purchase the property
BThe right (but not obligation) to purchase the property at a specified price within a specified time✓ Correct
CAutomatic ownership after the lease expires
DA right of first refusal only
Explanation
A lease-option gives the tenant the right (but not obligation) to purchase the property at an agreed price within the option period. The tenant pays option consideration, which may credit toward the purchase price.
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