Can lease-Purchase considered as Purchased contract?

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Can lease-Purchase considered as Purchased contract?

Can lease-to-Purchase consider as purchase contract or not?

2007-10-31 03:24:52 · 3 answers · asked by sam 1 in Business & Finance ➔ Renting & Real Estate

3 answers

That really depends on how the contract is prepared, generally no. If the lessee does choose to enact the option to purchase then the terms in the lease option will be used to prepare the purchase agreement.

2007-10-31 03:58:58 · answer #1 · answered by jimmy dean 3 · 0⤊ 0⤋

No. You have a combination agreement. Until the purchase is actually completed, you have a lease, with the option to purchase.

2007-10-31 10:34:14 · answer #2 · answered by acermill 7 · 0⤊ 0⤋

It depends on how your contract is structured and the wording that is included.

2007-10-31 11:02:13 · answer #3 · answered by Anonymous · 0⤊ 0⤋