Lease/Option
When a seller leases property to someone for a specific term with an option to buy the property at a predetermined price during the lease term, usually with a portion of the lease payments applied to the purchase price.
More Real Estate Definitons
Merger Of TitleCurb LineH-BeamTownshipsLocus SigilliDeed BookMakerKite WinderOne Hour DoorX-BracingCheck RowGift TaxWytheCesspoolCredit BureauZoning VarianceZoning MapNet Sales AreaManagementKiloGallonTitle PlantBase MapYard LumberGraphSkinAnnexTorrens systemKnock DownKilogramHospital WindowGross leaseVenueKilowattPerchOfficer’s deedCost Of RepairsVentilationArableBasis PointIsohyetal LineDepth Factor