Posted by Jeb on December 26, 2000 at 06:21:14:
It’s just another escape clause to use when doing sandwich lease options. The reasoning used with the seller would be along the lines of “Mr.Seller I want to make sure we have the best tenant in our property and that takes time to complete the screening properly…”
http://www.creonline.com/wwwboard/index.html has a lot of lease option posts if you want to check it out. It sounds like the site you were on is Claude Diamond’s site if I remember correctly. I have heard he was a Bronchick mentor. Diamond has definately been around a long time with a big following.