Subject to the limitations and requirements of this part, when the personal representative exercises the authority to sell property of the estate under this part, the personal representative may sell the property either at public auction or private sale, and with or without notice, for such price, for cash or on credit, and upon such terms and conditions as the personal representative may determine, and the requirements applicable to court confirmation of sales of real property (including, but not limited to, publication of notice of sale, court approval of agents’ and brokers’ commissions, sale at not less than 90 percent of appraised value, and court examination into the necessity for the sale, advantage to the estate and benefit to interested persons, and efforts of the personal representative to obtain the highest and best price for the property reasonably attainable), and the requirements applicable to court confirmation of sales of personal property, do not apply to the sale.

It is also common for a portion of the monthly rent to held in the lessee's name and credit to the downpayment.When the option matures, the lessee notifies the owner of his intent to exercise the option and escrow is begun.It has been shown that options are seldomly exercised - - and things get real stick at this point - - hence, the Safe Act and Dodd Frank

I heard so many people state the importance of this for so long that I eventually decided to give it a try and all I can say is I am continuously blown away by the results I receive from this simple exercise.  

So, it will be helpful if we treat the above just an intellectual exercise and have some ideas to share.Regards,Azeez

Great that you have this clause in the lease, now you can exercise it.

And finally an $85k sale price if they exercise the option.

Your whole goal in this exercise is to get the "first deal jitters" out.  

Go fishing, get in some exercise, but do not burn up all of your gas searching for dollars.

David:I remembered another acronym for you: ESA.A Phase1 environmental assessment is predominately a paper exercise that identifies any real or potential environmental contamination.

This was a definite exercise in patience.