Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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Concept explainers

Leasing
Leasing is a contractual arrangement in which someone (a lessee) pays the owner (or lessor) of a building, land, vehicle, or other asset for the use of that asset. The lease is the agreement between lessee and lessor.
Question
13 When selling a property on a lease option, what should the person you are selling to be referred to as in the option agreement? A O Tenant. В Optionee. Buyer. Lessee.
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Transcribed Image Text:13 When selling a property on a lease option, what should the person you are selling to be referred to as in the option agreement? A O Tenant. В Optionee. Buyer. Lessee.
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