A licensee has a buyer looking to purchase an 8-unit apartment building, but is concerned with the duration of existing leases. How should the licensee proceed while keeping the buyer's best interest in mind?

This approach is problematic as it places the buyer at risk by delaying crucial information until after the purchase is complete. If there are unfavorable lease terms or conditions, the buyer could face unexpected challenges that could have been addressed prior to closing.

While engaging with tenants could provide valuable insights, this option may not be practical or feasible before making an offer. Additionally, it could create unnecessary tension or complications with the current property owner and does not ensure that all lease terms are reviewed in a structured manner.

This option is misleading and irresponsible. Assuring the buyer that no contingency is needed dismisses the inherent risks associated with existing leases. Without reviewing the leases, the buyer could overlook significant issues that may affect their investment, such as rent escalations or lease expiration dates.