Property Management
A 'lease with option to purchase' provides the tenant with:
AA. The obligation to purchase the property at the end of the lease
BB. The right (but not obligation) to purchase the property at a set price within a specified period✓ Correct
CC. Automatic ownership after completing the lease term
DD. Shared ownership rights during the lease period
Explanation
A lease-option gives the tenant the right to purchase the property at a predetermined price within a set period. The tenant is not obligated to buy, but if they exercise the option, the seller must sell.
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