Definitions for "Lease purchase"
Keywords:  lessee, hire, delayed, rent, rental
This is a finance agreement similar form to Hire Purchase, but where you can reduce monthly payments by having a “balloon payment” at the end of the agreement, which includes an option to purchase. Contract purchase also falls into this category.
a contract between a buyer and seller
a contract to sell with a delayed closing date
a wonderful way to control property without the headaches of banks, mortgages, taxes or immediate loan qualifying
a financial arrangement made to acquire needed equipment and towers when the use of general funds in the annual budget must be kept to a minimum
an agreement between a buyer and owner under which the
an arrangement whereby the owner leases their property to a future buyer for a specific term and agrees to sell the property at the end of the lease term