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Hire Purchase
(redirected from Lease purchase)

    Also found in: Wikipedia 0.01 sec.
Hire Purchase
The right to purchase an asset by the user of the asset according to a pre-agreed method. The user may be the owner for tax purposes.


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Before going into a lease option or lease purchase, make sure that you have a tenant that is qualified, that they have money that will pay the rent, that you also have option consideration and you probably kept some of that in escrow in the event that they don't pay or they get evicted, or you should have reserves in cash or savings to pay that mortgage while it is empty.
Success Mentoring on Risks with Lease Options by Minh Pham / Real estate industry community
The Leavenworth County Commission unanimously adopted a resolution during Monday s meeting that allowed the commission chairman and the county counselor to authorize lease purchase agreement documents related to the county s communications upgrade project.
United States: County adopts lease purchase agreement resolution by TendersInfo
And he said most customers were funding their car buys either via hire purchase and lease purchase deals.
A pounds 115k Bentley on tick please by Daily Record (Glasgow, Scotland)
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