Lessee is to lease as Vendee is to what?

The correct association in this analogy is made between the terms "lessee" and "vendee." A lessee is an individual or entity that rents or leases property from another party, known as the lessor. In a similar manner, a vendee is a buyer in a real estate transaction, typically involved in purchasing property through a contract.

In this context, the term that best fits “vendee” in relation to its role is a land contract. A land contract is an agreement where the buyer (vendee) makes payments to the seller (vendor) for the purchase of the land or property while living on or using that property. This is similar to a lease, where the lessee uses the property while satisfying conditions of payment to the lessor.

The other choices don’t align as closely with the role of a vendee. For instance, an option agreement provides a right to purchase at a later date but does not signify a direct purchase. A purchase agreement is a general term, but it doesn't specifically highlight the buyer's role in a land transaction as clearly as a land contract does. A leasehold agreement specifically pertains to leasing, which parallels the role of a lessee rather than a vendee. Therefore, land contract is the