Contracts
In South Dakota, a 'lease-purchase' differs from a 'lease-option' because a lease-purchase:
AGives the tenant a choice to buy or walk away
BObligates the tenant to purchase the property at the end of the lease term✓ Correct
CIs only available for commercial properties
DDoes not require any option premium payment
Explanation
In a lease-purchase, both parties are obligated to complete the purchase — the tenant must buy and the seller must sell. In a lease-option, only the seller is obligated; the buyer has the option to buy or walk away.
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