Property Management
In Colorado, a 'lease option to purchase' gives the tenant the right to:
APurchase the property at any time they choose without a set price
BPurchase the property at a predetermined price within a specified time period✓ Correct
CTerminate the lease at any time without penalty
DMake improvements to the property and deduct the cost from rent
Explanation
A lease option to purchase (rent-to-own) gives the tenant the right to purchase the property at a predetermined price within a specified option period. Typically a portion of the rent paid may be credited toward the purchase price.
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