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Form 18-15: Tenant Option to Purchase Premises
Fixed price, fixed price adjusted by CPI, cash/installment payment and possible restriction making option to purchase exercisable solely by original tenant or while original tenant occupies the premises
This form grants tenant the right to purchase tenant's building (or tenant's building plus appurtenant land).
Clauses cover fixed price purchase price or fixed price adjusted by CPI, form of payment/financing, and a separate "optional" landlord-favorable clause making tenant's option to purchase exercisable solely by the original tenant (and not assignees or subtenants of the original tenant).
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