Lease option is a leasing term which allows lessees the option to purchase the leased property during the lease term at a predetermined price.
In Indonesia, the lease option is governed by Ministry of Law and Human Rights decree number 78 of 2006 on lease. The decree regulates the lease of immovable assets such as land, buildings, and apartments.
Under the decree, the lessor and the lessee may agree on a lease option which gives the lessee the right to …