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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What does lease buyout mean?
Related terms
Adjusted Cost Basis
Damage & Destruction (In a Lease)
Probate Sale
Credit
Breach of Warranty
Building Code
Alley
Master-Planned Community
Correct Zoning (In a Lease)
Freddie Mac
Fully-Serviced Lease
Assessment Rolls
Loan Constant
Buyer's Market
Speculation Home
Errors and Omissions Insurance
Assumption
Seller's Market
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