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One of the simplest options at the end of a car lease is to buy the vehicle outright. This means paying the buyout amount determined at the beginning of your lease and listed on your lease agreement.What is a lease to purchase option?
A lease option is different from a lease purchase contract, in that a lease purchase binds both parties to the sale, whereas in a lease-option the buyer has the option but the seller does not.Can I turn a lease into a purchase?
Typically, a lease option gives an aspiring buyer the option to buy a home at a set price following expiration of a lease term of a year or more. In most cases, the would-be buyer pays an additional premium above the monthly rental rate during that lease period. These extra payments are to be applied to a down payment.What is a real estate lease option?
In simplest terms, a real estate lease option is the right to control a property without the obligation to buy it.