Lease With Option To Purchase


 

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Lease With Option To Purchase

A lease under which the lessee has the right to purchase the property. The price and terms of the purchase must be set forth for the option to be valid. The option may run for the length of the lease or only for a portion of the lease period. Legal Description: A description by which property can be definitely located by reference to surveys or recorded maps. Sometimes referred to simply as the legal.



Lease With Option To Purchase

Similar Matches

Purchase fee

Purchase fee

A charge assessed by an intermediary, such as a broker-dealer or a bank, for assisting in the sale or purchase of a security.


Purchase group

Purchase group

See: Underwriting syndicate


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Buy; be long; have an ownership position.


Money purchase scheme (defined contributions scheme)

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A pension scheme in which the benefits will be dependent on contributions to, and growth of, the fund and the fund manager's costs.


Closing purchase

Closing purchase

The purchase of an option, by a writer, which has the same terms as an option which has previously been sold. This transaction terminates his/her obligations as a writer.


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