Property Management
A lease option agreement in Oklahoma gives the tenant:
AThe right to purchase the property at a set price within a specified time period✓ Correct
BAn automatic lease renewal upon expiration
CThe right to sublease without landlord consent
DPriority over other buyers if the property is listed for sale
Explanation
A lease option (rent-to-own) gives the tenant the right (but not the obligation) to purchase the property at a predetermined price within a specified period. Option consideration paid is often applied toward the purchase price.
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