This is for your own protection, mostly.

There are three other factor, both very controllable, that also slow or eliminate depreciation:The quality and/or size of the home in the first place;High quality homes use better materials which last longer and look better longer thus increasing the probability the home will hold value.Homes smaller than 16'x80' normally depreciate faster than larger homes because small homes are truly out of fashion (forgive me tiny home advocates) and because smaller manufactured homes look more like "trailers" than a home.The way the land lease community is operated.Well run communities looking to protect the long-term investment of the community over short-term gains almost always stem or slow home depreciation. 

Personally, I never use an option period because I'm prepared to close the deal if I don't assign my contract and I have built in protections in my contracts.  

Although, it won't be that desirable without more protective equity.You can offer additional cash for someone to buy it.Trade & barter, post it on craigslist & see if anyone has something they want to trade for it.Good luck

Sorry to those of you who think this is intrusive, invasion of privacy, or some other lame excuse for not doing the work required to protect yourself.  

My limited experience in the note business albeit only 40 years.. says CASH equity is the trump card ( yes I love Trump cards).. every thing else is just Bull  Fico etc etc it comes down to protecting your cash.. that's what I have learned in all these years and 2,500 plus loans on this stuff.What say you ??????

From an outside perspective, his need to protect is being threatened.

One version is 2 pages long and easy to understand, the other is 6 pages long and has a lot more confusing verbiage but seems like it could protect me more?  

It is not to find an independent value for the property.It exists to protect the lenders investment in the property.

Other than working with my attourney to ensure that I am protected, please offer some general advice and information.