We are a very tight-knit family with complete trust and respect for each other and we would put the agreement on paper.

@Sally Hanan it sounds like a really tight deal. 

@Richard Mercurio I'd recommend the following:1) Give them a deadline to renew the lease (i.e February 15th) at XYZ price.

Hi Folks - Im in a very tight market (low supply) high demand - buyers market.  

In fact I know people who buy into situations where they break even in hopes of attaining future appreciation returns.Here's my main doubt, it's hard enough to manage finances when your wallet is tight (assuming yours is) in the transitional period of obtaining a property.

I suspect they will pretty tight and there will be many of them.5.

I already thought the numbers were tight and didn't take into consideration the architect fee.

The process of working with a mortgage lender through closing is stressful, but hang tight once its over, you'll get itch for the next project. 4.

The process of working with a mortgage lender through closing is stressful, but hang tight once its over, you'll get itch for the next project. 4.

The budget was always going to be tight on this and we didn't achieve the Sales Price we were hoping for.