Any way to delay the official sale to keep taxes low while still maintaining a contract to buy? 

So, there's all this buzz about blockchain and smart contracts shaking up the real estate world?

The contract I could find says the following:```...together with the right of ingress and egress at all times for the purpose of mining, drilling and exploring said land for oil, gas and other minerals, and removing the same therefrom.And said above described land being now under an oil and gas lease originally executed in favor of [Oil Company], Chicago and now held by [Oil Company] it is understood and agreed that this sale is made subject to said lease, but covers and includes of all the oil royalty and gas rental or royalty due and to be paid under the terms of said lease.It is agreed and understood that of the money rentals which may be paid to extend the term within which a well may be begun under the term of said lease is to be paid to the said [purchaser], and in the event that the said above described lease for any reason becomes cancelled or forfeited, then and in that event, the lease interest and all future rental on said land, for oil, gas and mineral privileges shall be owned jointly by [owner] and wife and [purchaser] each owning & interest in all oil, gas and other mineral in and upon said land, together with interest in all future rente.This sale is made for and in consideration of the sum of Ten Dollars, cash in hand paid, the receipt of which is hereby acknowledged.To have and to hold the above described property, together with all and singular the rights and appurtenances thereto in anywise belonging unto the said [owner] heirs and assigns forever, and we do hereby bind ourselves, heirs, executors and administrator to warrant and forever defend all and singular the said property unto the said [purchaser] heir and assignee against every person whomsoever lawfully claiming or to claim the same or any part thereof

As for gray areas in contracts, the courts will almost always find in favor of the party who did NOT write the lease.  

@Fahima Hilal an architect usually only outlines mechanicals, plumbing & electrical on their blueprints.Your contracts should be creating appropriate drawings showing where their stuff would go and submit to city with their permit application.

.: Hello everyoneSo we are under contract for a quad in Columbus area and currently shopping around for Home insurance.

If that's the case they are in breech of their contract 

It was my understanding that the wholesaler brings an actual under-contract deal to a buyer and then the buyer pays a bit of a premium for the deal.  

Make sure if you go into a contract (no option period), you require a substantial earnest money.

After the LOI is accepted, rejected, or ten negotiated, you go to contract.