Contracts
A 'lease with option to purchase' in Connecticut gives the tenant-buyer:
AAn obligation to purchase at the end of the lease term
BThe right—but not the obligation—to purchase the property at a specified price within a set period✓ Correct
CAutomatic ownership at lease expiration
DA shared ownership interest during the lease term
Explanation
A lease-option gives the tenant the right to purchase the property at a predetermined price within a specified period. The option consideration (fee) keeps this right open. The tenant is not obligated to exercise the option.
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