Typically, when a landlord will only send one tenant a lease at a time and will not entertain other offers while they are waiting for the signature. …

What does leased out mean?

to make an agreement by which someone pays you money in order to use land, a building, a vehicle, or a piece of equipment for a particular period of time: lease sth (out) (to sb) They are keen to lease out the aircraft to private companies.

What does it mean lease buy out?

A lease buyout is when a dealership allows you to purchase the vehicle you are leasing before the end of the lease contract.