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<Steve>

Option Expiration

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I had a question regarding the expiration of the option to purchase in the agreement. In the paragraph "Exercise of Option" it states that the option needs to be exercised 60 days prior to the expiration of the agreement. I’ve never had a time where I had to enforce this provision. Just curious what the reasoning is for this?

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Steve, this is to provide the homeowner with time to make their plans should the t/b elect not to exercise their option to purchase.

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