Question concerning multiple year lease

Given that the unit is simultaneously for rent and on the market for sale at the same time, a reasonable conbclusion to draw is that the seller wants to sell it at the right price but does not want to lose income by waiting for theat deal to come through and therefore renting it as a stop-gap measure. The rule is "anything goes" if it is not implicit.

What do you mean by an "option" anyway? Is it agreed that there is a right to renew or that you have the first right of refusal (or does the condo owner have that?). Are you paying a premium for an option or was it thrown in by the seller? Was it a compromise as in you'll pay a higher rent the first year for the benfit have the option of staying or going?

potential buyer will be subject to your option to renew unless your lease provides otherwise.

Owner is delusional.