Who can tell me if one has to honor an option when your lease expires?
Ms. Hendrick, If your lease contained an option to renew and your lessee in a timely manner or in the manner described in the lease, picks up the option, I would say you have to honor it. I do believe that you should be paid within a reasonable amount of time any lease bonus which was part of the lease option agreement.
Thank you for your reply. A Hendrick