And we had no recourse (appraisal contingency states buyer may retain EMD).Here is the language:"Buyer's obligation to complete this sale is contingent upon an appraisal of the Premises acceptable to lender for at least the purchase price.

Steve that was not a commercial broker to me that you had before.A leasing broker should be a leasing broker period.A sales negotiator should do the purchase and sale.There are brokers that do both but people at the height of their game only do one thing for the most part.You can have a generalist that does 2 things or have 2 specialists working for you that do separate things.The broker wanted the sale to make a big commission so was scaring tenants away.No tenant will want to make an investment into a space knowing they will be moving right away.You can have language in your leases allowing you the right to terminate early but not giving away you are selling for development.Ultimately after the lease is signed they will find out in the newspaper etc. when word of the project comes up.Your previous broker was not doing their fiduciary duty to put you first as a client.

I would also include the language within the note which triggers the Acceleration Clause in the note and mortgage.

I felt crazy because it was like speaking a foreign language to the title company when when I was explaining how wholesaling works and how assignment fees work in the wholesale transaction.

The language you quote says "Upon the vacating of the premises for termination of the lease".

Is anyone else somewhat confused by the language "was not formed for the specific purpose of acquiring the Assets"?

When you get your loan for your purchase you will designate your property as a primary residence, there will be language in that mortgage/deed of trust which will typically stipulate that designation and there are guidelines which allow you to move out and rent the property in the future without having to refinance.

In there I would add language that any damages which in total exceed the value of the security deposit held the difference will be charged to the credit card on file.Obviously there's a hole in that plan if you're kicking them out for not having a credit card on file but it gives you some coverage on any other potential move out (eviction or lease end).

Not only is it an annoyance to the tenant to have people knock on the door and ask questions, but if they are interested in purchasing they will appreciate this.Some suggested language for the addendum:"It is understood and agreed that if landlord sells property during the lease or any renewal term, landlord has the right to terminate lease if landlord gives at least ____days written notice to tenant.

It sounds like your are right as that is the language of our contract.