Need help with a Land Contract question

[David Ptak]

I'd really appreciate any input anyone may have on Land Contracts as it relates to purchasing a motel. Being that the purchaser of a Land Contract holds equitable title and the seller holds legal title during the term of the contract, is the purchaser able to sell or refinance the property before the contract is completed?  I'm concerned that circumstances may require selling before the 15-25 years are up and because I don't have legal title I can't do that. Thanks in advance for your help!