Real Estate Glossary

What is Lease Buyout?

The process of purchasing the property that the tenant is currently leasing. The tenant can either purchase the property from the landlord or from a third party, and the terms of the purchase are typically negotiated between the parties. Lease buyouts can be a good option for tenants who wish to purchase a property they are already living in, but may not have the funds or credit required to purchase the property outright.

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