Properties typically on a land lease in communities like this are more difficult to get financing on - so not only check the values but also time it takes for these properties to sell to understand your holding costs

I had a tenant that wanted to renew a lease, but only for 6 months - which would have left us in the middle of January (in Michigan :) Apparently they may inherit a somewhat run down house, and wanted to keep their options open.

Quote from @Caliana Johnstone: Realized leasing to a new tenant can take 5-10 hours easily.

As per the HSTPA, any changes to a tenant's lease whom have been in place for over 2 years requires a minimum of 90 days notice, regardless of what the lease (or lack thereof) says.  

Lol Have you done many lease options as a buyer over many year term? 

One tenant had a lease that has since expired but that lease wasn't triple net and the other tenant never had a lease because it is the family business but the lease is triple net.

About 1/3 of their leases had to be terminated or evicted.I finally got tired of it and stopped accepting Section 8 about six years ago.

Hello everyone, My name is Jordan and I am looking to speak to commercial brokers that specializing in commercial leasing?

A master lease is essentially called a Lease Option here in Canada.Yes, schedule B will over-ride anything previously written.

You'll invoice the tenants on whatever strategy you set up in their leases.