[LeeH]

Tenant just called... Said he couldn't get funded. Covid just killed his business last year. Nobody looking for expensive oil paintings or art restoration services during a pandemic. Can we sign a 1 year lease?

I'm relieved. Never had to mention the 60 day notice. He also acknowledged the $6000 option fee is officially mine.

Every day that passed gave me more confidence that would be how it eventually went down, but I'm glad to have it official.

He was a bit bummed regarding loss of the option money. We agreed to renew him for another year at the same rent, which, based on current comps is right where it should be today. So, in other words, it was a bit high for the market for the past 2 years.