There are several ways to do creative financing in the playbook but you must exercise due diligence to protect yourself in the event there are liens on the property, etc. 

You'd then be forced to issue them a 28 day notice to either: 1) inspire them to sign the renewal, or 2) move out and rent it to someone else.Lease renewals are a great time to make sure your lease provisions are also compliant with various state and/or local laws - so that they're always enforceable if you end up needing to exercise a right under the agreement.

Kiyosaki's lawyer say the same thing - I signed up for RichDad coaching) mentioned that in his 20 or 30 years (can't remember which he told me) he has never had any lender exercise the due on sale clause in this instance. 

Most lenders don't want to exercise their rights under these but they might if you push them.  

If the T/B chooses to "exercise" the option before it expires, the option fee counts as a down payment.

I at least garnered many contacts from that exercise.

@Jay Hinrichs @Bill SargesonIf you either of you guys find yourselves around KGSO on a nice day I usually always have a few Columbia's that are just waiting to be "exercised"

I live in Virginia and have the same question as Alexander.Based on what I read over the last week, without a land trust, if you simply move the rental property from your personal name into an LLC, the lender has the option to exercise the "due on sale clause" aka acceleration clause, making you pay the remaining balance in full immediately.

So now there's that fear that, when looking at properties and either doing a mental exercise or actually getting serious about buying it, there is something inherently bad about that property.

wow Bryan, way to bring back an old thread :)I do not give them anything back when they go to exercise the option.