LEASE PURCHASE OPTIONS Clause Samples
A Lease Purchase Options clause grants the tenant the right to purchase the leased property under specified conditions during or at the end of the lease term. Typically, this clause outlines the purchase price, the timeframe in which the option can be exercised, and any requirements such as notice periods or additional payments. By including this clause, both parties gain clarity on the process and terms for a potential sale, providing the tenant with a pathway to ownership while giving the landlord a structured method for selling the property if desired.
LEASE PURCHASE OPTIONS. Where a Tenant under a lease containing a purchase option or right of first refusal exercises such option or right, the seven percent (7%) sale commission shall be payable to the Broker, less the rental commissions already received for any unexpired term of the lease at the time the purchase takes place.
LEASE PURCHASE OPTIONS. You may purchase a leased unit at the end of the Lease term, or at any time during the Lease, for the residual amount indicated in our web site, together with any applicable sales tax. Rental units may not be purchased.
LEASE PURCHASE OPTIONS. Idaho Code Section 67-9222 reads, in part, as follows: "Any exercise of an option to acquire previously nonowned property, or any other procedure which shall serve to pass title to the state where no passage of title existed before, shall be deemed to be a new acquisition and, prior to execution all applicable provisions and procedures of this chapter shall be exercised.” (NOTE: This provision is NOT applicable to time purchase or installment purchase contracts).
LEASE PURCHASE OPTIONS