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Lease purchase agreement (click to view pages) Rent-to-own, also known as rental purchase or rent-to-buy, is a type of legally documented transaction under which tangible property, such as furniture, consumer electronics, motor vehicles, home appliances, engagement rings, and real property, is leased in exchange for a weekly or monthly payment, with the option to purchase at some point during ...
A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
The option gives the tenant the right (but not the obligation) to purchase the property at a later date. The lease option only binds the seller to sell, it does not bind the buyer to buy. That makes it a "unilateral" or one-way agreement. In contrast, a lease-purchase is a bilateral, or two-way, agreement. The basic elements of a lease-option ...
Whether you choose to lease or buy a car, it’s important to remember a few key factors. Your credit score is the primary measure of your ability to afford your monthly payments. Aim for a score ...
Even if you're certain you want to buy out your lease, buying at the right time might save you money. There are two types of buyouts: an end-of-lease buyout and an early lease buyout.
The first software sold under the name Microsoft Chart was an attempt from Microsoft to compete with the successful Lotus 1-2-3 by adding a companion to Microsoft Multiplan, the company's spreadsheet in the early 1980s. Microsoft Chart shared its box design and two-line menu with Multiplan, and could import Multiplan data.