Which of the following best describes a lease agreement with the option to buy?

A lease agreement with the option to buy is best described as a rental agreement that includes a provision for the tenant to purchase the property at a later date. This option allows the renter to secure the right to buy the property while they are leasing it, giving them time to decide on making the purchase and potentially saving for a down payment.

The key aspect of option C is that it clearly indicates both the rental aspect and the future purchase agreement, which is integral to understanding how this type of lease operates. It allows the tenant to occupy the property under rental terms while providing a pathway to home ownership, typically at a pre-agreed price or formula that can be used later if the tenant chooses to buy.

The other options do not accurately reflect the nature of lease agreements with an option to buy. Descriptions involving exclusive rights to sublet or standard leases without purchase options do not incorporate the key element of a future purchase decision. Additionally, stating that a rental leads to an inevitable purchase misrepresents the flexibility that tenants have in deciding whether or not to take up the purchase option.