What agreements convey ownership property to the government automatically upon completion of a specified lease period?

• A. Lease-to-Ownership
• B. Power-of-Attorney
• C. Ephemeral Contract
• D. Rental Agreement

Answer: (A)

A lease-to-own arrangement is a contract where the asset is leased with the ownership transferring automatically to the lessee at the end of the specified lease term. In this setup, the government would use the asset during the lease, and upon completion of the term, title passes to it without a separate purchase action, assuming the contract terms are met. This is different from a simple rental, where ownership stays with the lessor, or from a power-of-attorney, which grants someone authority to act on behalf of another rather than transferring property. The term described by the other choices does not describe ownership transfer, so the lease-to-own option is the correct one.