Purchase and re-purchase agreements can have a sale based on an appraised value acceptable obtained in the future, to the owners at the time the contract is made, or the average of two appraisals, or a price agreed to today, it simple requires a price that can be ascertained when the contract is exercised.

If Tenant or Landlord does not wish to renew the Lease, written notice must be given to the other party at least 60 days before the end of the term (Term of Lease Agreement) to terminate the Lease (including any exercised renewal or extension thereof).My critical error was not including a clause to automatically renew the lease.

Ben, it may be a good year for you to see a Chapter 7 Chapter 13 attorney if you have a deal or is this just a intellectual exercise?

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.

Also, the structure of the Family LTD partnership is going to play a BIG role in how this gets done.  

.- 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.