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Lease Option Agreement

Category: Deeds

extended coverage insurance on the Property in minimum amount of $__________________________. The Tenant/Buyer shall be named as an additional insured or loss payee on the insurance policy and copy of which shall be provided to Tenant/Buyer. The Landlord/Seller … ___________________________________________ _______________________________________ ___________________________________________ (20) INSURANCE: While this Lease/Option is in effect, the Landlord/Seller will name the Tenant/Buyer as additional insured. During the term of this Lease/Option the Landlord/Seller shall maintain fire and extended coverage upon the Property, and