Common use of Option to Purchase the Property Clause in Contracts

Option to Purchase the Property. Option to Purchase the Property. Tenant shall have the option to purchase the property after the first 3 years of the lease. Tenant must not be in default to exercise this option after the third year. Purchase Price of the property, if option is exercised by the Tenant will be the cost of the property to the Landlord, plus closing costs at the time of closing, plus the increase in the Consumer Price Index from January 1, 1999, the beginning of the Lease. Tenant must notify Landlord by certified mail, if they chose this option to purchase the property and of the terms and conditions.

Option to Purchase the Property. Option to Purchase the Property. Tenant shall have the option to purchase the property after the first 3 years of the lease. Tenant must not be in default to exercise this option after the third yearYear. Purchase Price of the property, if option is exercised by the Tenant will be the cost of the property to the Landlord, plus closing costs at the time of closing, . Landlord purchase price plus the increase in the Consumer Price Index from January 1, 1999, the beginning of the Lease. Tenant must notify Landlord by certified mail, if they chose this option to purchase the property and of the terms and conditionsproperty.

Option to Purchase the Property. Option to Purchase the Property. Tenant shall have the option to purchase the property after the first 3 years of the lease. Tenant must not be in default to exercise this option after the third year. Purchase Price of the property, if option is exercised by the Tenant will be the cost of the property to the Landlord, plus closing costs at the time of closing, plus the increase in the Consumer Price Index from January 1, 1999, the beginning of the Lease. Tenant must notify Landlord by certified mail, if they chose this option to purchase the property and of the terms and conditions.