Contracts
In New Mexico, a 'lease with option to purchase' gives the tenant-buyer the right to:
ARequire the seller to sell at any time
BPurchase the property at a stated price within the option period, typically with a portion of rent applied toward the purchase price✓ Correct
CSublease the property without permission
DPay reduced rent indefinitely
Explanation
A lease-option (rent-to-own) combines a lease with a purchase option. The tenant pays rent (often with a rent credit toward the purchase price) and has the exclusive right to buy at the agreed price within the option period.
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