Contracts
A New Hampshire lease option agreement gives the tenant the option to:
ARenew the lease indefinitely
BPurchase the property at a pre-agreed price within the option period✓ Correct
CSublease the property to a third party
DRequire the landlord to make all repairs
Explanation
A lease option (rent-to-own) gives the tenant the right — but not obligation — to purchase the property at a predetermined price within the option period. A portion of rent may be credited toward the purchase.
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