Property Management
A North Dakota commercial lease that gives the tenant an option to purchase the property at a fixed price in the future is called:
AA right of first refusal
BA lease-option or option to purchase✓ Correct
CA sale-leaseback
DA ground lease
Explanation
A lease-option gives the tenant the right (but not the obligation) to purchase the property at a predetermined price within a specified period. This is different from a right of first refusal, which only requires the owner to offer the tenant the right to match third-party offers.
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