A lease purchase agreement, also known as a rent-to-own agreement, lets someone rent a property for a specified period of time with the promise to purchase it at the end of the lease term.

The ground lease lets a tenant build on property in a prime location they could not themselves purchase. For this reason, large chain stores such as Whole Foods and Starbucks often utilize ground ...

A ground lease involves undeveloped commercial land that is leased to tenants, who then have the rights to develop and use the property for the duration of the lease.

The parties entered into a contract of sale (contract) on June 9, 2022. The purchase price was $2.175 million. The closing was set for July 15, 2022, at the office of the sellers' attorney.

The tenant must exercise this right in accordance with the lease terms. Meanwhile, a mutual agreement to renew is a broader covenant where both the landlord and tenant must agree to renew the ...