what type of contract is an option to buy contract
Option contract An option contract is a type of contract that protects an offeree from an offeror's ability to revoke their offer to engage in a contract.
Lease-option A lease option (more formally Lease With the Option to Purchase) is a type of contract used in both residential and commercial real estate. In a lease-option, a property owner and tenant agree that, at the end of a specified rental period for a given property, the renter has the option of purchasing the property.
Promise In the law of contract, an exchange of promises is usually held to be legally enforceable, according to the Latin maxim pacta sunt servanda.
Marcus Álvarez