What does LOA stand for?

Lease-Option Agreement

This definition appears very rarely

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Samples in periodicals archive:

is pleased to announce that it has executed a lease-option agreement with Bronco Creek Exploration Inc.

United States: Geo Minerals Acquires Two Additional Copper Porphyry ...

In this case, rather than the owner/seller creating the lease option agreement, the potential buyer/renter creates the lease-option agreement that suits his needs.

The Lease Option Buy

Byline: Elizabeth Rhodes; Times business Reporter Q: After we signed a lease-option agreement to buy a house we discovered the seller never obtained a permit to add a third bedroom and that room's construction is so poor a wall moves when pushed.

Do they have recourse? Depends on the wording; Home Forum ; Q&A; ...

Byline: Cindy Jones; Special to The Seattle Times Correction Publication Date: 11/22/2006 - The arrangement referred to as a lease-purchase in some cases described a lease-option agreement.

Rent to own: A delicate balance

The lease-option agreement signed today gives Sterling effective control of the region's most historically productive silver mine, putting the Sunshine in local hands for the first time in decades.

Sterling Mining Company Leases the Sunshine Mine

The Company initially acquired rights to the property through a lease-option agreement with the holders of two prospecting permits.

United States: Quaterra Acquires Cave Peak Molybdenum Prospect in ...

There are a few differences between rent-to-own and lease-option agreements, although many people use the terms interchangeably.

Lease Options or Rent to Own?

The money will be used to help finance the purchase of the site, with The City Church essentially arranging a lease-option agreement through a five-year lease.

OVERLAKE FACILITY TO BE PURCHASED BY THE CITY CHURCH