Property Management
Which type of lease gives a tenant the option to purchase the property during or at the end of the lease term?
AGross lease
BGround lease
CLease-option (rent-to-own)✓ Correct
DPercentage lease
Explanation
A lease-option (rent-to-own or lease with option to purchase) gives the tenant the right — but not the obligation — to purchase the property under specified terms during or at the conclusion of the lease period.
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