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Lease purchase option

An alternative financing option that allows home buyers to lease a home with an option to purchase at the end of the lease. Each month's rent payment may consist of the customary rent payment, plus an extra amount that is applied towards the downpayment on the purchase.

See also:
  • Landlord
  • Late Charge
  • Lead Based Paint
  • Lease
  • Lease Purchase
  • Lease purchase option
  • Legal Description
  • Lessee
  • Lessor
  • Lien
  • Lifetime Cap
  • Listing Agent
  • Listing Agreement
  • Listing Broker
  • Listing Contract
  • Listing/Listing Agreement
  • Loan Application
  • Loan commitment
  • Loan Commitment
  • Loan Origination
  • Loan Originator
  • Loan to Value
  • Lock In

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