Real Estate Dictionary:
Purchase Option
The right, but not the obligation, to buy; see Option to Purchase.
Example: A purchase option is often included in a lease to give the tenant an opportunity to purchase the property.
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 | Real Estate Dictionary. Dictionary of Real Estate Terms. Copyright © 2004 by Barron's Educational Series, Inc. All rights reserved. Read more |
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Keep Reading
Mentioned In:
- Closing Purchase (finance term)
- Bargain Purchase Option (in accounting)
- Right of Survivorship (insurance term)
- Stock Purchase Option (in banking)
- Spread Option (finance term)
- Redeemable Rent
- strike price
- Straddle (in banking)
- Lease With Option to Purchase
- Option to Purchase (business term)
- Stock (in banking)
- Clauses Added to a Life Insurance Policy (insurance term)
- Survivor Purchase Option (insurance term)
- Butterfly Spread (in banking)
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