Property Management
Which type of lease gives a tenant the right to purchase the property they are leasing at a set price within a specified time period?
AGraduated lease
BLease with option to purchase✓ Correct
CGround lease
DSale-leaseback agreement
Explanation
A lease with an option to purchase gives the tenant the right (but not the obligation) to purchase the property at a predetermined price within the option period. The tenant typically pays an option consideration for this right.
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