- option of a lease
- option of a lease Vormietrecht n
English-german law dictionary. 2013.
option of a lease
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option — op·tion 1 / äp shən/ n 1: the power or right to choose; also: a choice made or available 2: a privilege of demanding fulfillment of a contract on any day within a specified time 3: a contract conveying in exchange for the payment of a premium a… … Law dictionary
lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… … Law dictionary
lease option — 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… … Law dictionary
option — [äp′shən] n. [Fr < L optio < optare, to wish, desire, ult. < IE * op , to choose, prefer] 1. the act of choosing; choice 2. the power, right, or liberty of choosing 3. a) something that is or can be chosen; choice b) an optional item… … English World dictionary
option to buy — At the end of a finance lease or similar asset finance arrangement the lessee may be able to exercise an option to purchase the equipment at a nominal value Easyform Glossary of Law Terms. UK law terms … Law dictionary
Lease-option — A lease option (or lease purchase) is the abbreviated form of the appropriate term lease with option to purchase. It is a type of contract used in residential real estate. The contract is typically between two parties: the tenant (also called the … Wikipedia
Lease Option — An agreement that gives a renter the choice to purchase a property during or at the end of the rental period. As long as the lease option period is in effect, the landlord/seller may not offer the property for sale to anyone else. When the term… … Investment dictionary
Lease purchase contract — A lease purchase contract (or lease option contract) is the abbreviated form of the appropriate term lease with option to purchase contract. It is a form of real estate purchase which combines elements of a traditional rental agreement with an… … Wikipedia
option — an agreement, often for a consideration, which permits the purchase or sale of something within a stipulated time, in accordance with the terms of the agreement. For example, a right by a tenant to take up a further lease of premises, usually… … Financial and business terms
Lease To Own — An arrangement where an individual enters into a lease agreement with an owner with the inclusion of a clause that typically gives the individual the right, but not the obligation, to purchase the item leased at a predefined price and time. More… … Investment dictionary
lease with option to purchase — A lease under which the lessee has the right to purchase the property. The price and terms of the purchase must be set forth for the option to be valid. The option may run for the length of the lease period … Black's law dictionary
