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Real estate → Renting and leasing real estate → Leasing apartments and homes
ANSWERS: 1
  • Real Estate Guy
    When a renter signs a lease with an option to purchase the property for a specific price within a certain time frame, that is called a lease option. In most lease-option situations, a portion of the rent is applied to a future down payment. Lease options are most popular among buyers who don't have enough funds for a down payment and closing costs.
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