It wasn’t until 1/15/14 that Tope requested to exercise his refund option.

He exercised his stock options when Tesla was around $1000/sh. 

@Isca Harmatz - I believe you just went through the exercise of looking for a PM for smaller MF in Cleveland.

I still need a vacation every 3 to 6 months and exercise multiple times a week to clear the mind.Even if you love what you do if you burn candles at both ends you will flame out.

As an alternative, you can probably insert an early termination fee amount so it provides flexibility for the tenant to leave without having to deal with subleasing issues; however, you'd have to consider worst case scenario: Tenant exercises the early-termination option in December, which places you in a tough situation as a landlord in the Chicago area. 2.  

With a few month's before some note's expire they send notice unto their regional lender inviting lender into a negotiation of consideration because there intentions are if a mitigated arrangement can not be meet, with market rate offerings on debt not tenable, there going to walk away and exercise strategic default. 

I think you’re ready to buy my apartment building, now.Thought exercise: You can sell the house, bucket included, for $1M.

I believe financial gain has similarities to exercise. 

Lease option is also a purchase program, but the tenant can choose to not exercise the option and walk away. 

There are plenty of locations that fit the rule, trying to force the rule on a location where it doesnt work is an exercise in futulity.