If from the above exercise , you find contractors who you are satisfied with , then catch them, pay them well , respect them  and your life will be much easier . 

If the T/B chooses to exercise the option, an actual purchase transaction is performed, just like any other purchase.Points are 1%.

So, this is largely an academic exercise. 

The lease contained an option to buy not exercised by the previous owner of the business, long story, and did not carry over to me. 

If the guarantee never had to be exercised then the TK company pocketed the extra money.  

Also, I have only exercised using the MLS to find deals and it is extremely competitive and I don't want to overpay, especially on my first deal!

In the event that Landlord exercises its right to repair such uninhabitable portion, therental shall abate in the proportion that the injured parts bears to the whole Premises, and suchpart so injured shall be restored by Landlord as speedily as practicable, after which the full rentshall recommence and the California Lease Agreement continue according to its terms.21.

You can also find a buyer while you are leasing it, exercise the option and do a double close.  

This is an exercise in sales because you have to sell this to your investors up front.

If you put a clause in the lease allowing you to inspect with 24 hours notice, and stating that you may exercise the option to inspect on a monthly basis - then you can choose to go if you want, or not.