It stipulates who is lending and who is borrowing, the terms, the default rate if applicable, etc.

Our contract with contractors stipulates exactly what we provide and that they are to provide nails, caulk, tape, mud, smaller items like that.  

One person recently mentioned having done several deals where he offered like $50k under the value to people facing foreclosure with the stipulation that they can live there another year for reduced rent. 

You could also file a quite title action in civil court and have the heirs of the decent and the beneficiaries of the trust stipulate to the lawsuit-  I don't know if it would fly but it might be another option.

If we allow rentals between the ages of 18 and 21, are we allowed to stipulate that those who are not 21 must have a parent co-sign the lease?

I've been doing some research on it as well lately, and it seems that you just have to get an attorney to review or draw up a contract with the kind of stipulations you may want, such as a 90 day option to purchase to make sure you find a renter or buyer, etc.

Andrew provided the most realistic and sound advice, speak with your clients and inform them about potentially including an appraisal gap stipulation within their offer.

bank loans can offer better terms but are too cumbersome and have too many stipulations and requirements.

Poor work ethics, drinking on the job, etc.If he does not finish you must exercise whatever stipulations that you have to resolve a breach in contract.Seek legal advice and have an attorney tell you what can be done.Depending on the state there may be a fund that you could receive damages from if he does not finish.I am no expert, but your contract should have been created by a lawyer or at least reviewed and include what you can do and should do in situations such as these.

The soonest date to demand payment is set by statute, generally thirty days and that is the the last day the borrower can pay to stop foreclosure costs unless otherwise stipulated in the security agreement or note.