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Lease purchase contract. A Lease-Purchase Contract, also known as a lease purchase agreement or rent-to-own agreement, allows consumers to obtain durable goods [1] or rent-to-own real estate [2] without entering into a standard credit contract. [1] It is a shortened name for a lease with option to purchase contract.
The second contract was an option to buy all the land between the Ohio and the Scioto rivers and the western boundary line of the Ohio Company's tract, extending north of the tenth survey township from the Ohio, this tract being preempted by Manasseh Cutler and Winthrop Sargent for themselves and others for the Scioto Company. Cutler's original ...
A hire purchase (HP), [1] also known as an installment plan, is an arrangement whereby a customer agrees to a contract to acquire an asset by paying an initial installment (e.g., 40% of the total) and repaying the balance of the price of the asset plus interest over a period of time. Other analogous practices are described as closed-end leasing ...
This time, usually just a few days, gives either party the chance to back out of the contract if their lawyer notices a problem. Coming to a mutual agreement: In some cases, simply asking the ...
Map of Ohio showing the Symmes Purchase. The Symmes Purchase, also known as the Miami Purchase, was an area of land totaling roughly 311,682 acres (487.003 sq mi; 1,261.33 km 2) [1] in what is now Hamilton, Butler, and Warren counties of southwestern Ohio, purchased by Judge John Cleves Symmes of New Jersey in 1788 from the Continental Congress.
Caveat emptor. Caveat emptor (/ ˈɛmptɔːr /; from caveat, "may he/she beware", a subjunctive form of cavēre, "to beware" + ēmptor, "buyer") is Latin for "Let the buyer beware". [1] It has become a proverb in English. Generally, caveat emptor is the contract law principle that controls the sale of real property after the date of closing ...
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