The value of the contract at closing is to be $45,000 as outlined in the attached agreement.This document is a separate agreement between the seller and Anthony Michael Minutoli-ME (the buyer).

If they are on a month-to-month agreement, then you are required to give them 30 days notice.

I also paid $500 for lock-in rate agreement would I be able to get that refunded?

There is normally a tenants in common agreement which indicates how the income / expenses will be split.Through an entity - An entity such as an LLC, partnership can directly own the property.

Just because the tenant asked for more time doesn't mean there's a new agreement.

Until you have a signed purchase agreement with the seller, I see no reason for you to share the inspection report.After you have a binding agreement, if you choose, you could show her, particularly if the report indicated some defect that you wanted to address during the due-diligence period.

Someone else told my they got a 5 year agreement.

Congrats getting your first deal under agreement!  

I have a tenant that is tenant at will and according to my lease agreement I only need to give them a 30-day notice if I no longer want to continue their month to month lease.

The value of the contract at closing is to be $45,000 as outlined in the attached agreement.This document is a separate agreement between the seller and Anthony Michael Minutoli-ME (the buyer).