Property Management
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 purchase✓ Correct
DSale-leaseback
Explanation
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.
Related Delaware Property Management Questions
- A property manager's responsibility for capital expenditures (CapEx) typically includes:
- What is a 'rent concession' and why might a Delaware landlord offer one?
- What is 'preventive maintenance' in Delaware property management?
- What is 'due diligence' in the context of a Delaware investment property purchase?
- What is 'gross absorption' in a Delaware commercial real estate market?
- In Delaware, a landlord who fails to make necessary repairs after proper notice from the tenant may face:
- Under Delaware law, what is 'self-help eviction' and is it permitted?
- A Delaware property manager who negotiates leases on behalf of an owner for compensation must:
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →