Real Estate Law
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You have a potential problem, but the owner can't be "pushed aside" as you say. At the worst, the option holder might end up as a co-payee on the loss draft. The deed holder, i.e. the person who owns the home can if necessary file suit to have the lease – option nullified. That is an extreme step, and the owner will probably not have to take it once the insurance company is fully aware of all the facts.
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