Common use of EXERCISING OPTION Clause in Contracts

EXERCISING OPTION. The Tenant will retain the right to exercise an option to purchase the Premises under the previous two sections of this Addendum by sending notice to the Landlord, via Certified Letter with return receipt, by sending to the Landlord’s address for notices listed in the Agreement. When exercising the option to purchase, the Tenant shall be required to: (check one) ☐ - Pay a Deposit. The Tenant must pay a deposit of $________________ (“Deposit”) that shall be credited towards the Purchase Price.

EXERCISING OPTION. The Tenant will retain shall hold the right to exercise an option to purchase the Premises under the previous two sections Sections II & III of this Addendum by sending notice to the Landlord, via Certified Letter with return receipt, by sending to the Landlord’s address for notices listed in the Agreement. When exercising the option to purchase, the Tenant shall be required to: (check one) ☐ - Pay a Deposit. The Tenant must shall be required to pay a deposit in the amount of $________________ (“Deposit”) that shall be credited towards the Purchase Price.