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option on the leasehold (NLG will also work with Queensland pub owner, Tom Hedley. It has an option on the leasehold of nine pubs for $A85 million from Hedley. Alexander Demidov); lease option (A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property. A lease option is different from a lease purchase, in that a lease purchase binds both parties to the sale, whereas in a lease-option the buyer has the option but the seller does not. WK Alexander Demidov) |
