What is the difference between a lease with option to purchase and an option to purchase?

Lease with option to purchase and options to purchase are two different types of real estate agreements in South Carolina. A lease with option to purchase is a lease that gives a tenant the right to purchase the property within a certain period of time. In this type of agreement, the tenant has the choice to either buy the property or move out at the end of the lease period. The tenant must make a good faith deposit, pay rent, and fees in order to secure the property. An option to purchase is a separate agreement from a lease. This agreement gives a buyer the right to buy the property at a predetermined price within a certain period of time. Option to purchase agreements require a buyer to make a non-refundable payment in order to secure the option. The buyer can choose to exercise the option or walk away from the deal when the option expires. In summary, a lease with option to purchase gives a tenant the right to buy property while an option to purchase gives a buyer the right to buy property. Both agreements require a payment (deposit or non-refundable option fee) in order to secure the agreement. The difference lies in the fact that the tenant must make a good faith deposit and the buyer must make a non-refundable payment.

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What is the difference between a lease with option to purchase and an option to purchase?

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