Property Management
In Maine, a commercial lease that gives the tenant the right to purchase the property at a specified price is called a:
ARight of first refusal
BPurchase option✓ Correct
CGround lease provision
DEscalation clause
Explanation
A purchase option in a commercial lease gives the tenant the right (but not the obligation) to purchase the property at a specified price within a defined period — it is a unilateral option, not a right of first refusal.
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