Furthermore, a landlord may not raise a provider’s rent in retaliation of the provider’s exercise of their legal rights.6.

@Puja Shah lots of good adviceand just something so think about here: “never exercise the option early”great candidate for a LOC with a local bank.

I think as long as the owner suspects illegal activities are going on in the house that they could exercise their landlord right to inspect the property as frequently as they see fit.

It sounds easy enough with having two contracts and I'm sure some renters just won't exercise the option when it comes time but to the landlord that isn't necessarily the worst thing. 

The lease must be in force for the option to be exercised.

Local real estate agents are a good source of information for property value, it may be a good exercise to call 3 to 5 local real estate agents and ask them for a simple CMA. 

With a lease option you don’t own it until you exercise the option...so you can’t borrow against it. 

Of course you can say “I can pay this much for the property or I’m not going to exercise my option to buy” and let them decide.  

Only slightly less theoretically, monkeys might fly out one of my orifices in the next five minutes.So this sounds like an exercise in poor communication.Did you simply tell him to take out the garbage disposal?

Otherwise it won’t be a very beneficial exercise!