Written by attorney Lara O. Chubaty | Jan 11, 2017

Lease Purchase: What is it & What Are the Benefits and Risks

With a lease purchase, buyer and seller execute both a lease agreement and a purchase contract simultaneously. At the closing date, which is often simultaneous with the ending of the lease term, the buyer is obligated to purchase and the seller is obligated to sell.

Additional resources provided by the author

Rate this guide

Can’t find what you’re looking for?

Post a free question on our public forum.

Ask a Question

- or -

Search for lawyers by reviews and ratings.

Find a Lawyer