<Table> <Tr> <Td> </Td> <Td> This article does not cite any sources . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (February 2011) (Learn how and when to remove this template message) </Td> </Tr> </Table> <Tr> <Td> </Td> <Td> This article does not cite any sources . Please help improve this article by adding citations to reliable sources . Unsourced material may be challenged and removed . (February 2011) (Learn how and when to remove this template message) </Td> </Tr> <P> A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate . In a lease - option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property . </P> <P> A lease option is different from a lease purchase contract, in that a lease purchase binds both parties to the sale, whereas in a lease - option the buyer has the option but the seller does not . </P>

What is lease to buy option on homes
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