Outline the terms of the lease option agreement between Janet and Robert.
The lease option agreement included a 12month lease term with an option to purchase at the end of the lease period. The monthly rent was $1,200, which covered the mortgage payments, property taxes, and insurance. Additionally, Robert paid a $5,000 option fee upfront to Janet, granting him the exclusive right to purchase the property at the agreedupon price at the end of the lease term.