A lease in which the lessee can purchase the property. The purchase terms must be contained in the contract.

A lease that gives the renter the right to buy the property at an agreed-upon price under certain conditions. The price ad terms of the purchase must be spelled out for the option to be valid. The option can run for the length of the lease or for only a portion of the lease.

Lease under which the lessee has the right to purchase the property; the option may run for a portion or for the duration of the lease.

a lease in which the monthly rent payment applies to a first mortgage, plus an amount set aside to accumulate for a down payment.