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What is a Lease Option

A lease option is actually a lease with an option to buy. It refers to an agreement between a buyer and seller of property and is a contract valid for both residential and commercial property. Lease option is different from a lease purchase in which both parties are bound to the sale agreement.

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What is Subdividing

Subdividing of land is generally undertaken to make its development or sale easier. Land subdividing takes place by breaking down a large piece of land into two or more chunks and each one of them then has its own distinct title. In many countries subdividing has become popular in Greenfield, broad-acre and infill property development.

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What is Cross Leasing

Cross leasing refers to a method of shared ownership of land and buildings by a number of people. It applies to situations where a single piece of land has more than one dwelling unit, which could be apartments or town houses. These units come with a composite title of ownership since both lease hold and freehold estates are part of the ownership.

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