Finance
What is a 'lease-option' agreement in Idaho real estate?
AA commercial lease requiring specific options for tenants
BAn agreement combining a lease with an option to purchase the property at a predetermined price within a specified period✓ Correct
CAn option to lease multiple properties
DA government program for lease-to-own housing
Explanation
A lease-option (rent-to-own) combines a lease with an option to purchase. The tenant pays rent (often a portion of which may credit toward the purchase) and has the right (but not obligation) to buy the property at an agreed price within the option period.
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