Seller can not sell to anyone else while the option is still running.When option period expires, leasee must exercise the purchase, or forfeit.There can be legal issues, so do your homework.

She was going to speak with the prospective tenant buyer today and outline the terms, as for the strength of the tenant's ability to exercise the purchase option, I  have no idea. 

Working with a seller of a multi unit building, and it just came out that he signed an option contract on the subject property a few years ago, and the optionee, has never exercised his right to purchase.

I'll see if I can help.Otherwise might be best to chalk it up to lessons learned, exercise your escape clauses and try again when you're better prepared.

The lien ties the debt to the property, not the title.Experience in the industry has shown that DoS is rarely exercised and where it is, it is usually by big banks notorious for doing so and other bad things as well.

.- Harass, coerce, intimidate, or interfere with anyone exercising a fair housing right or assisting others to exercise their fair housing rights.- Discriminate in the advertising of a house or apartment.- Treat you differently based on the source of your income.- Fail to aggregate income of all persons in the household for purposes of qualifying for a rental or home purchase.

The flames were so hot I had to run back to the place I started from, where waiting for me was my next smurfed size extinguisher.Over and over I ran into that blaze with my exercise in futility, (this gives me new respect for that extendable umbrella and bee bee gun)(and if you don’t get that joke read my first post) but believe it or not little by little the flames were going down.By the time the firetrucks got there the flame had been totally put out. 30 or more mini extinguisher littered the ground.

Thanks for the entertainment and mind exercise!

I've always exercised the thought of getting involved with real estate, but never had the opportunity to start.

I make offers to buy properties not just for the exercise.