Contracts
In Washington, a lease with an option to purchase gives the tenant:
AThe obligation to purchase the property at the end of the lease
BThe right but not the obligation to purchase the property during or at the end of the lease term at an agreed price✓ Correct
CAutomatic purchase of the property if they pay rent for 1 year
DThe right to purchase at any time in the future regardless of the lease term
Explanation
A lease-option gives the tenant the right (but not the obligation) to purchase the property during or at the end of the lease at a pre-agreed price. The tenant pays option consideration, and if they choose not to exercise the option, they simply do not purchase.
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