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Lease option

A rental arrangement that includes an option to purchase under specified conditions. The lease and purchase option create distinct obligations.

At a round table, an owner and a renter look at a lease in a blue folder, a key and an option agreement in a red folder
  1. Rent now
  2. A key to the home you may buy
  3. The right to buy later

Where it matters

Review the option period, exercise procedure, price, credits, fees, and what happens if the option is not exercised.

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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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