Contracts
In Hawaii, a 'rent-to-own' agreement is also known as a:
AA. Standard residential lease
BB. Lease-option or lease-purchase agreement✓ Correct
CC. Graduated rent agreement
DD. Sublease with purchase option
Explanation
A rent-to-own arrangement is typically a lease-option (giving the tenant the right to purchase at a set price) or a lease-purchase (obligating purchase). Both have distinct legal implications.
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