Tell them specifically why you want to be released from the contract. 

I will prepare a simple loan agreement (and release) that I can record, once they sell the house, I get proceeds at closing.

IRS liens can be released from a property and that debt stays with the homeowners.

They return the home in the same or better condition than it was received;If they meet this criteria, you will inspect on February 1st and issue a full refund of their deposit and release them from any further obligation.

Like has been said,  set stricter qualifications,  have longer times to re lease.  

There is a 5 year occupancy mandate, I just sold my clients condo that he acquired with NACA and after occupying for 5 years they released the lien with no problem.

The certificate was issued to the lender first and HOA second.Lender and HOA argue back and forth for a few months over ownership of the property and eventually sign an agreement whereby the lender would pay $15,000 to the HOA for past-due assessments and the HOA would release its title claim via quitclaim deed or some other instrument. 

Its likely they won't release the funds for the repair work.

Hey guys, Take everything with a grain of salt as the finalized regs were JUTS released today. 

I’m getting ready to put my NJ condo up for rent and am looking for some links to good rental forms (application, lease, release of information form, etc...).