Contracts
In Montana, a 'lease-option' agreement combines:
AA rental agreement with an automatic purchase at the end of the lease term
BA lease with an option for the tenant to purchase the property at a specified price and terms within a specified period✓ Correct
CA mortgage with a lease-back agreement
DA property management contract with a sales commission arrangement
Explanation
A lease-option combines a lease agreement with an option contract giving the tenant the right—but not the obligation—to purchase the property at a specified price and terms within the option period.
Related Montana Contracts Questions
- In Montana, 'mutual rescission' of a real estate contract means:
- In Montana, a 'purchase agreement' and a 'sales contract' for real estate are:
- A Montana purchase agreement includes a home inspection contingency. If the inspector finds significant defects, the buyer may:
- An 'as-is' clause in a Montana purchase contract means:
- If a seller accepts one offer and then receives a higher offer, the seller:
- A lease-purchase agreement differs from a standard lease because it:
- In Montana, an option contract in real estate gives the optionee (buyer):
- A Montana real estate purchase offer that is rejected by the seller and returned with different terms is legally considered:
Practice More Montana Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Montana Quiz →