purchase option
Right to buy
A purchase option is a contractual right to buy something at a specified price within a set time period.
Common in real estate leases, equipment rentals, and employee stock plans, the option holder can choose to buy but isn't obligated to: The lease includes a purchase option at fair market value.
Also called an option to purchase.
- right of first refusalPriority to buy before others
- lease to ownRental converting to ownership
- choiceAct of selecting
- titleFormal honorific or name
- offerProposal to provide
strike price · price · closing costs · expiration date · equipment rental · buy now · contract · payment · business acquisition · capital allocation · risk management · decision · mergers and acquisitions · agreement · deed · binding contract · fine print · due diligence
purchase optioncompulsory purchase
Mandated property transfer to state
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