This allows you to purchase the car at any time during the lease. The price typically includes the residual value plus the remaining monthly payments.

Most clauses require the tenant to provide written notice (e.g., 30 or 60 days) before the buyout takes effect.

You must strictly follow notice requirements to avoid default.

Are you considering a buyout for a or a vehicle lease ? Top 27 Lease Agreement Clauses To Protect Landlords

If the asset has depreciated faster than expected, you may pay more than market value.

Allows for relocation or change in lifestyle without legal penalty.

A is a contractual provision that outlines the terms under which a lessee (tenant or vehicle driver) can purchase the leased asset or terminate the lease agreement early by paying a predetermined amount. 1. Real Estate Lease Buyout Clauses

lease buyout clause