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DiscountedProperties.com Knowledgebase Knowledgebase Home Page > About lease options

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What is a lease option?

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When a renter signs a lease with an option to purchase a 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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