Property ManagementIntermediateDelaware Exam
What type of lease gives the tenant the right to purchase the property during or at the end of the lease term?
AGround lease
BNet lease
CLease with option to purchaseCorrect
DSale-leaseback
Why Lease with option to purchase Is Correct
Answer C: Lease with option to purchase
A lease with an option to purchase (lease-option) gives the tenant the right, but not the obligation, to purchase the property at a specified price during or at the end of the lease term.
Exam Tip: Property Management
Property management questions cover landlord-tenant law, security deposits, and maintenance responsibilities. Know the differences between gross, net, and percentage leases.
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