Rental definition
Lease option
A rental arrangement that includes an option to purchase under specified conditions. The lease and purchase option create distinct obligations.
Where it matters
Review the option period, exercise procedure, price, credits, fees, and what happens if the option is not exercised.
Explore the related rental resource →This page is general education. The current law, program rules, and specific housing records determine how a rental home is treated. Rentari provides software and written guides, not legal advice or licensed property management.
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