Contracts
A Missouri real estate 'lease option' contract gives the tenant:
AThe obligation to buy the property
BThe right (but not obligation) to purchase the property at a set price during or at the end of the lease term✓ Correct
CAn automatic mortgage approval
DImmediate title to the property
Explanation
A lease-option in Missouri combines a lease with a purchase option. The tenant pays rent and an option consideration.
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