This is the 3rd Time the Tenant has been aggrieved for simply exercising it's rights.

That's because there are no tax consequences to the seller until the option lapses or is exercised.If the option is exercised by the buyer (that is, the buyer buys the real estate), the sale proceeds for purposes of determining your gain on the sale of the land includes the amount you received for the option.4.

And then you could exercise your option to purchase that replacement property. 

There were a couple of exercises that I did to figure out what tasks I needed hired out before I decided this was the right position to hire first. 

I like the $1000 or $10,000 per hour exercise.

Whether or not the mortgagee will exercise this clause probably depends on whether or not the mortgager is making their payments.

(some examples with numbers would greatly help)In GENERAL:- I recently saw that the exercise of the option to purchase should be done with a closing attorney. if I do a sandwich LO, what docs do I send the attorney?

If they don't exercise it until the end of the period, I get an additional $25,000 at the sale for profit for my portion.  

Exercising the valve is a GOOD THING. 

But this is all fine and a good exercise.