If only we really had a lease option on the castle," Toni replied.

The lease option only binds the seller to sell, it does not bind the buyer to buy.

An investor may acquire a distressed property with a lease option and make improvements to the property.

For his part, Mr. Steinbrenner was to choose one of four lease options.

City officials said each of the four lease options called for vastly different ways of operating the stadium and paying the city.

The protein content of the native grasses is among the highest found anywhere in the world and numerous lease options are provided to local ranchers.

The company has six months after the fish market departs to exercise its lease option.

"It's a very strong theater for us, but unfortunately the landlord has exercised a lease option to take back the property."

"I've done everything from renting, discounting, lease options, special financing and buy backs," he said.

Many sellers, though, are offering lease options and other creative deals that make owning a home in the area easier.