Cartoon Guy Holding Stack Of Books

Maim

ABC Blocks

A provision in a lease (for real property, such as a house) or contract (for personal property, such as a car) that gives the tenant or lessee the right to buy the real or personal property at the end of the lease or contract period, for a price established in advance.

Was This Term Helpful?

0 out of 0 found this helpful


Still got a question or concern?

Click here to contact us or go back to the main Glossary page.