Previously I thought that was the exception to procuring properties. 

They acknowledge that if they fail to procure such insurance it is their responsibility and they alone shall bear consequences.The lease that I use has the following statement. 

A loan contingency is saying that this contract will only proceed if a loan can be procured by the selected date.

If we can't procure a buyer for the larger packages we will begin listing them after 30-45 days. 

That will attract even more buyers.I love to nerd out about these things and that's why I went to school to pursue a career in Procurement Forestry. 

If sitting on "Mt Equity" there is a number of other ways to utilize that, to procure the new personal residence, shift the prior into a qualifying status FOR a 1031, and then ya do the dang sale and 1031.

("A real estate broker, for the purposes of this article, is defined to be a person, firm or corporation who, for a fee, commission or other valuable consideration, or by reason of a promise or reasonable expectation thereof, lists for sale, sells, exchanges, buys or rents, or offers or attempts to negotiate a sale, exchange, purchase or rental of real estate or an interest therein, or collects or offers or attempts to collect rent for the use of real estate or solicits for prospective purchasers or assists or directs in the procuring of prospects or the negotiation or closing of any transaction which does or is contemplated to result in the sale, exchange, leasing, renting or auctions of any real estate . . ."

Is this a Sale-Leaseback wherein the seller has an incentive to sign an above market rent lease in order to procure a higher sales price?

Once you go to the listing agent, see the house and want to make an offer, that agent is the procuring cause.

Send the bill to your PM and demand they procure payment from the tenant for the damage they caused.