Contigency plans for purchasing commercial real estate

[Adam Rees]

I have not cut my teeth on a buy and hold yet. But have good opportunity with an extremely motivated seller. on a two level 1938sqft top and 1938sqft bottom level and 3/4 of it is already built out. 

He has a place listed at 375,000 and contacted me begging to buy it from him. 

Realtor is offering to set up a 'contingency' in the purchase agreement that if I cannot get it leased within 30days....deal is off. 

I'm extremely skeptical of the contingency. Have no problem going to work on finding a tenant but cannot afford to be left with a $2,500/mo if it doesn't happen within the 30days. 

Has anyone heard of this contingency? 

And does anyone have experience and willing to help? 

number is 3194308317 and I'll be watching this forum like a hawk now. 

Thanks!