Lease Option at Mortgage Glossary
What is it? A lease that contains the right to purchase the property for a specific price within a certain time frame.Mortgage Dictionary Term Added By: Ryan
The Lease Option definition has been viewed 78 Time(s)!
Send To Friends!
If you'd like to send the Lease Option definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Lease Option. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Mortgage Terms:
Mortgage Term Value is The measure of the monetary equivalent of a property. The four essential elements of value are utility, scarcity, demand and transferability. Cost does not equal value nor does equity.Mortgage Term Interest-only loan is The pays only the interest that accrues on the loan balance each month. Because each payment goes toward interest, the outstanding balance of the loan does not decline with each payment.
Mortgage Term selling agent is The real estate agent who represents the seller of a property. Unless otherwise stated by a written agreement, all real estate agents are required to represent the interests of the seller.
Mortgage Term Holder In Due Course is The holder of a negotiable instrument (check or note) purchased for value when the instrument appears complete and regular on its face; is taken before its due date and without notice of previous dishonor; and the holder has no notice of any defects in ti
Mortgage Term Federal Funds Rate is The interest rate the Federal Reserve charges its member banks on uncollateralized loans.