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Betsy Birdsong, an interior designer, has made plans to definitely retire in three years. She has...

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Finance

Betsy Birdsong, an interior designer, has made plans todefinitely retire in three years. She has begun todownsize her business and is moving out of the 2,000 square footcommercial condominium she owns in a prestigious business park.Betsy does not wish to sell at this time, so she has decided tooffer the condominium as a lease-purchase option. While she hasn'tdecided on a purchase price, she is adamant about the leaseterm:   a three-year lease with a two-year option(for the first two years only).  

What is your opinion as to why she would requiresuch a lease term?

Answer & Explanation Solved by verified expert
4.3 Ratings (721 Votes)
Here Betsy Birdsong has decided to retire in three years but she does not want to sell her commercial condominium at this time For such situation where you are moving out but does not want to sell the property at the time    See Answer
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