Posted by Jimmy on November 16, 2009 at 07:05:23:
In Reply to: Recording a Lease option and due on sale clause posted by Guy on November 10, 2009 at 20:43:40:
he's protecting himself. I would do the same thing if I was on his end of this L/O.
My lenders do not treat a L/O as an event that triggers the due on. because its not a sale. and I always inform my lender when I grant an option to acquire one of their props.