All monies paid to Seller shall be retained by Seller as sole liquidated damages.8)COSTS OF IMPROVEMENTS: In the event the Tenant/Buyer exercises the option to purchase set forth in paragraph (4), above, and through no fault of the Tenant/Buyer, the Landlord/Seller fails to convey said property to Tenant/Buyer in accordance with the terms of this Lease/Option, the Tenant/Buyer in addition to any other rights which Tenant/Buyer may have in law or equity for the enforcement of the Tenant/Buyer's option to purchase shall also be entitled to reimbursement for the cost of all repairs, maintenance, and improvements.9)FURTHER ENCUMBRANCES: The Landlord/Seller hereby warrants that the total of the leases, options, mortgages, liens, and any other encumbrances against the property, whether of public record or not, are current, unless otherwise noted, and are as follows:__________________________________________________________________________________________________________________________________10)CONVEYANCE: The Landlord/Seller agrees not to lease to another third party, nor assign, sell, option, transfer, pledge, or otherwise to convey any or all rights or interests had by Landlord/Seller in the property or in this Lease/Option agreement.

Also, as far as exiting the property someday, Connecticut charges a 1% conveyance fee when selling the property.

I may not have conveyed ALL of my concerns in the initial forum post correctly.

Can anyone explain what this means on a listing in Bell County, TX:"Seller may convey with a Quit Claim Deed if VA title approval is not obtained 5 days prior to closing date."

Make sure all deposits convey to buyer at closing and make sure you get an estoppel letter from each tenant.

At least here the conveyance documents state this.  

I didn't see a 30 day restriction in the contract just the 120% GRANTEE HEREIN SHALL BE PROHIBITED FROM CONVEYING CAPTIONED PROPERTY FOR A SALES PRICEOF GREATER THAN $___________________ FOR A PERIOD OF ____ MONTH(S) FROM THE DATE OF THERECORDING OF THIS DEED.

Maybe its not what you meant to convey but you started by giving what you seemed to indicate was a pretty definitive way to define property classes.  

We conveyed the message to the downstairs tenants, and offered to let them out of their lease.

He is still alive and well, and will convey his interest as needed.