Real Estate Glossary | What is Lease Buyout??

Q: 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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