Option to purchase
Alternative label:
Broader terms:
Law of obligation
Narrower terms:
Related terms:
Definition:
A right that entitles a person to compel the owner to sell or grant the property, but does not impose on him any duty to buy (EULIS / ELRA glossary).
Scope Note:
EULIS / ELRA term.
Identifier:
http://www.cadastralvocabulary.org/CaLAThe/OptionToPurchase
Close match:
http://brk.basisregistraties.overheid.nl/id/concept/Koopoptie
In other Languages:
Danish: Køberet
Turkish: Alım hakkı
Malay: Opsyen beli
Dutch: Koop optie
