Re: Lease/Option Option - Posted by Jim LaVerdi
Posted by Jim LaVerdi on January 20, 2000 at 17:50:59:
If it were me I would use something like this:
On an attatched Addendum I would include the following;
Seller/Landlord agrees to allow Tenant/Buyer to show property to prospective Tenants prior to the closing date. The closing shall take place when an acceptable Tenant is found, but in no event prior to xx-xx-2000.
This clause should be more than enough to protect you in the event you can’t locate a sub-lessee.
I hope I was of some help to you, and in the future if you ever need advise CREOnline is the place to come for Real (real-estate) Answers.
Glad to help and Best of Luck!
Jim LaVerdi (Phoenix Arizona Investor)