What type of lease gives the tenant the option to purchase the property?

A lease-option agreement is a specific type of lease that grants the tenant the unique advantage of having the option to purchase the property during or at the end of the lease term. This arrangement benefits both the tenant and the property owner: the tenant has the opportunity to potentially buy the property they are renting without the immediate requirement to purchase, while the owner can attract tenants who may be interested in buying the property later.

In contrast, other types of leases, such as a month-to-month lease or a fixed-term lease, do not include any purchase option; they simply outline the rental terms and conditions for the duration of the lease. A sublease agreement allows a tenant to rent out the leased property to another party, but it also does not provide any pathway to purchase the property itself. Thus, the lease-option agreement is distinct in its provision that allows tenants to consider buying the property, making it the correct answer.