Final answer:
The correct option is c. Lease with obligation to purchase.
A tenant is required to purchase a property before the end of a contract term under a 'Lease with obligation to purchase' contract.
Step-by-step explanation:
Under which of the following is a tenant contractually required to purchase a property before the end of the contract term? Among the options listed, c. Lease with obligation to purchase is the correct answer. In this type of arrangement, the tenant agrees to rent the property for a specific period and is contractually obligated to purchase the property before the lease expires.
This is different from a lease with option to purchase, where the tenant has the right, but not the obligation, to buy the property. A permanent rental agreement does not lead to a purchase; it's a long-term rental contract. Lastly, a rent-to-own agreement provides the possibility of purchasing the property but does not usually obligate the tenant to buy it.