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Updated over 5 years ago,

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Yuma, AZ
  • Member since Jun 14, 2019
Connect
Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Yuma, AZ
  • Member since Jun 14, 2019
Connect
Account Closed
  • Rental Property Investor
  • Yuma, AZ
45
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637
Posts
Tax, SDIRAs & Cost Segregation

What does this mean in this contract?

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted

This is a lease option contract and I dont understand this:

((( RENEWAL: At seller's complete discretion, Buyer may renew the lease option for ___term(s) of (12) months. )))

QUESTION: DOES THIS MEAN I CAN ONLY RENEW THE LEASE OPTION FOR 12 MONTHS OR CAN I DO 80 MONTHS?

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