Thanks Michael for the welcome and the advice. I have been following your forum from afar since late last year and have found it to be one of the best around. Most of the time I can find the answers to my questions just by searching the archives. After I posted my query with you, I contacted an attorney and his advice corroborated your opinion. So, I think my friend should give the T/B a three year lease and an option to request (in writing) an additional three year extension. This option may exercised a total of four times. What do you think of this plan? Anyone and everyone's opinion is welcome.