Contracts
A lease-purchase agreement differs from a standard lease because it:
AAllows the tenant to sublease the unit
BIncludes a provision giving the tenant the right or obligation to purchase the property✓ Correct
CRequires monthly rent payments into an escrow account
DGives the landlord the right to sell the property any time
Explanation
A lease-purchase (or lease-option) agreement combines a lease with a right or obligation to purchase the property at a specified price within a set timeframe, allowing tenants to apply rent credits toward the purchase.
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