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A lease option is an agreement or a contract through which a tenant can purchase a property in the future based on today\u2019s market price once the lease ends.\u00a0<\/p>
A lease with the option to buy also gives the tenant \/ potential buyer time to build credit and save money for the down payment to buy the property.\u00a0<\/p>
Once you enter into a lease option, it prevents the seller to accept any future orders from other buyers. A lease option is also referred to as rent to own or lease with the option to purchase.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t