So you would not have to write it into the purchase and sales contract, you could create a separate agreement that descibes the two week provision for 5 years for the seller and include it when you present the purchase offer.    

My wife and I have put 90% of the sweat equity into rehabbing and managing tenants and their lease agreements.

Hi @David Geiger,Appreciate taking out time and responsing.Here are more details about the deal.Here in India JDA split are most commonly of two types.1 ] 55% - 45% share is either Profit/Margin/spread generated out of venture split in 55% for Developer and 45% for Land owner.Or2] 55% constructed Units are marketed and sold/leased out by Development firm and revenue generated out of it is entirely for Development Firm, they own this share of project.45% constructed Units are marketed and sold/leased out by Land owner and revenue generated out of it is entirely for Land owner, they own this share of project.Then,  At the signing of JDA/JV agreement depending on deal size, some money is transferred as guarantee or token to land owners, which is adjusted to above Share split.In this case, $1,200,000 US Dollars are to be transferred as Guarantee or Token amount to Land Owners firmThis amount is later on adjusted to either Agreed upon number of Units or Profits generated.

The partnership agreement with OPM (Other People's Money) should outline detailed explanations of your separate roles.

Most look at myself as a new investor and can't commit to repeat/consistent business....thus I am down the priority line for them.However, I will not sign a purchase agreement until I have a GC committed; need them to see property 1-2 days into due diligence.

I won't speak to the value you received but check your agreement. 

You would be able to decide the market rent, choose the tenant, and execute the lease agreement (depending on the specifics of the retirement structure).

Failure to meet the minimum standards will be cause for termination of the rental agreement.This Addendum modifies the rental agreement, and is part of an effort to establish uniform standards for Tenant and resident housekeeping.

You should use an estoppel agreement to protect you from things like this.2.

As we begin to decide what lease agreement to draft, we just want to ask others what they personally think is better and why?