Some states have extensive disclosure requirements on leases and sales. Many states now require Radon Gas disclosure. If the tenant does not exercise his option to buy, you keep his money and find a new one. They often sue you to try to get it back. This is why it is important to make sure your paperwork is in order and that everything is clearly spelled out.
Ignorance can be more dangerous than education.
About the Author . . . He is the president and confounder of the Colorado Association of Real Estate Investors .