Posted by jack on February 10, 2002 at 21:51:02:
No. Why do you say there is no third party buyer? All you are doing here is skipping yourself in the chain, there is still an option to buy. If that option is recorded and the lender discovers it, they may,at their
discretion, call the loan. You do not have to reinvent the wheel here, the wheel that is used here works just fine. Leases of less than three years, do not record the option, fully disclose everything to tenent/buyer. Change or drop any part of this at your own risk.