Option to Own definition

Option to Own means a clause included in the rent to own agreement between the FN and tenant where both parties agree that, at the end of the amortization period for the section 95 mortgage loan, the tenant may have an option to own the home provided that the tenant has met all conditions and obligations in the rent to own agreement.
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Examples of Option to Own in a sentence

  • For Lease with Option to Own (Operating Lease), the base value will be the contract purchase price (less any discounts), less a mutually agreed upon residual value (pre-stated purchase option price at the conclusion of the lease) for the products.

  • Lease to Ownership Plan (LTOP) (Lease/Purchase)Lease with Option to Own (Operating Lease) (b) Annual Year Funding.

  • Includes the following lease types:Lease to Ownership, and Lease with Option to Own NOTE: Subject to Cooperative Purchasing FSC/PSC Class W070 LEASE OR RENTAL OF EQUIPMENT- ADP EQUIPMENT/SOFTWARE/SUPPLIERS/SUPPORT EQUIPMENTLease of Products INFORMATION TECHNOLOGY CATEGORYHARDWARE SUBCATEGORYSIN 532420L Option 1 Lease Terms and ConditionsOption 1 Lease Terms and Conditions does not contain a cancellation clause and all leases automatically expire on September 3 0th or sooner.

  • INFORMATION TECHNOLOGY CATEGORY HARDWARE SUBCATEGORYLease Type: Lease to Ownership and Lease with Option to Own SIN 532420L Option 1 Lease Terms and ConditionsOption 1 Lease Terms and Conditions does not contain a cancellation clause and all leases automatically expire onSeptember 30th or sooner.

  • We hypothesize that individuals in rural areas who have limited access to examples of villages who do ”better” than themselves have low community aspirations for their vil- lage.

  • Includes the following lease types:Lease to Ownership, and Lease with Option to Own NOTE: Subject to Cooperative Purchasing FSC/PSC Class W070 LEASE OR RENTAL OF EQUIPMENT- ADP EQUIPMENT/SOFTWARE/SUPPLIERS/SUPPORT EQUIPMENTLease of Products INFORMATION TECHNOLOGY CATEGORYHARDWARE SUBCATEGORYSIN 532420L Option 1 Lease Terms and ConditionsOption 1 Lease Terms and Conditions does not contain a cancellation clause and all leases automatically expire on September 30th or sooner.

  • Table of Awarded Items SIN 711-96 “Leased Office Furniture” Lease Plans:Lease to Ownership (LTOP or Capital Lease)Lease With Option to Own (LWOP or Operating Lease) Lease Rates:Base ValueOf Total OrderBasis Points Above T-Bill12 mo.24 mo.36 mo.48 mo.60 mo.$50,000 –$150,000 400 425 450 475 500$150,001 -$500,000375375400425450>$500,000350375400400400 2.

  • Rent (Including ) Expense (Continued)Monthly ExpenseAny Amounts Past DueCommentsRent – Option to Own …………………………...

  • Lease with Option to Own Orders for leased products must specify the leasing type.

Related to Option to Own

  • Option to Build means the option of the New Service Customer to build certain Customer- Funded Upgrades, as set forth in, and subject to the terms of, the Construction Service Agreement.

  • Option to Purchase has the meaning set forth in Section 13.1.

  • Option to Renew is defined in subsection 6.1 of this Agreement.

  • Option Right means the right to purchase Common Shares upon exercise of an option granted pursuant to Section 4 of this Plan.

  • Option Term means a period, if any, through which this Agreement may be or has been extended by the JBE.

  • Option to Extend has the meaning given that term in Section 2.13.

  • Election to Exercise shall have the meaning attributed thereto in Subsection 2.2(d).

  • Option means a stock option granted pursuant to the Plan.

  • Notice of Election to Purchase has the meaning assigned to such term in Section 15.1(b).

  • Option Share has the meaning ascribed to it in section "4.7" hereinbelow;

  • Option Period means the period during which an Option may be exercised.

  • Notice of Stock Option Grant means the document so entitled to which this Agreement is attached.

  • Option Exercise Period has the meaning set forth in Section 6.4.

  • Option B has the meaning assigned that term in Section 8.03(e).

  • Option Exercise Notice has the meaning set forth in Section 2.4(c).

  • Option 2 Annual Actual O&M Expenses

  • Option Exercise Price means the price at which a share of Common Stock may be purchased upon the exercise of an Option.

  • Renewal Option has the meaning set forth in §12.1.

  • Option Grant Date means, as to any Stock Option, the latest of:

  • Option 3 [ ] A Participant satisfies the Plan's Early Retirement Age conditions by attaining age ________ (not less than 55) and completing ________ Years of Vesting Service.

  • Initial Exercise Price shall have the meaning set forth in Section 2.4.1.

  • Incentive Option means an Option which by its terms is to be treated as an “incentive stock option” within the meaning of Section 422 of the Code.

  • Termination Right have the respective meanings given in the PRA Contractual Stay Rules.

  • Warrant Exercise Period shall commence (subject to Section 6(d) below), on the later of:

  • Nonstatutory Stock Option means an Option not intended to qualify as an Incentive Stock Option.

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.