What is often the result of submitting a lease option?

Submitting a lease option typically results in an agreement that allows the tenant the right to purchase the property at a future date, often at a predetermined price. This type of arrangement provides the tenant an opportunity to test the property and location while having the option to buy it later. The lease component allows the tenant to occupy the property before making a final purchasing decision, while the option gives them flexibility in deciding whether to proceed with the purchase. Therefore, option B accurately reflects the essential characteristic of a lease option, making it the correct answer.

In contrast, the other choices describe different outcomes: a permanent transfer of ownership, which does not occur until the purchase option is exercised; a direct purchase, which is not part of a lease option since the tenant has not yet committed to buying; and a termination of the lease agreement, which is unrelated to the purpose of a lease option.