Contracts
Under a Florida lease with an option to purchase, which of the following is accurate?
AThe tenant-buyer is obligated to purchase the property at the end of the lease
BThe tenant-buyer has the right but not the obligation to purchase at a specified price during the option period✓ Correct
CThe landlord can revoke the option at any time before the tenant exercises it
DThe option consideration is always applied toward the purchase price
Explanation
A lease with an option to purchase gives the tenant the unilateral right (but not the obligation) to purchase the property at a predetermined price during the option period. The landlord cannot revoke the option once granted and consideration has been paid.
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