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Facts: A tenant leased space in a commercial building for its manufacturing company. The lease contained an option to buy the property at any time during the tenancy for $350,000. The option also provided that the closing of title was to take place within 90 days of the tenant's notice to exercise the option.
The tenant notified the owners via certified mail, as required by the terms of the option, that he wanted to purchase the property in an all-cash transaction. However, the owners refused to cooperate with the tenant in scheduling a closing of title.
