Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/hospitable-deef083b895516ce26951b0ca48cf8f170861d742d4a4cb6cf5d19396b5eaac6.png)
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_trust-2bcce80d03411a9e99a3cbcf4201c034562e18a3fc6eecd3fd22ecd5350c3aa5.avif)
1031 Exchanges
presented by
![](http://bpimg.biggerpockets.com/assets/forums/sponsors/equity_1031_exchange-96bbcda3f8ad2d724c0ac759709c7e295979badd52e428240d6eaad5c8eff385.avif)
Real Estate Classifieds
Reviews & Feedback
Updated over 9 years ago on . Most recent reply
![Alexandra Wright's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/325374/1695220281-avatar-investoria.jpg?twic=v1/output=image/cover=128x128&v=2)
Why are options even necessary?
Hi, so I'm looking to tie up a property but I'm short on capital right now, and don't want to put any money down in a non-refundable option until I've secured a tenant for the property. Is there any way that I can draft an offer to purhase contract contingent on securing financing and contingent on securing a tenant? I need to control the property somehow, because I don't want competitors or the tenant to take the deal out from under me. However, I want to make sure that if I can't find a tenant to lease the property to and the deal falls through, I won't be held liable or vulnerable to a lawsuit. Any help would be greatly appreciated! Thanks :)