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A lease option agreement allows you to buy a property now and pay for it later, applicable to land, residential houses, and some commercial properties. The concept is becoming a global trend, encouraging even poor individuals to indulge in buy now pay later schemes for liabilities like sofas. While this may be seen as a risky move, it can have its benefits, as money tends to lose value over time. Ultimately, the value of the sofa may depreciate once it is used.
