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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.
A lease buyout title transfer is a procedure you need to complete to own your leased vehicle. Learn more about the process to ensure everything goes smoothly.
Use a Ford lease buyout to keep your Ford vehicle instead of returning it at the end of the lease agreement. Learn how the Ford lease buyout process works.
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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 ...
There are two types of buyouts: an end-of-lease buyout and an early lease buyout. As you might guess from the name, an end-of-lease buyout happens when your lease expires.
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