Originally posted by @Sheri L.

So it isn't a complete waste, you would simply need to follow the strict reading of the law with no private clauses for consideration...I'm not sure how that plays out since technically if the lease is void, so is the tenancy meaning you could terminate anytime and not wait for the original lease expiration...I'm sure that's covered somewhere, but again I'd ask my local atty what to do given this is such a locally specific issue. 

In order to collect 3% in the scenario you presented, you'd need to amend your original buyer agreement.If your commission is 2.5% and the seller is paying 2%, you can structure the additional .5% into the purchase price. i.e.

Originally posted by @James Rowe:I’m working on my expenses spreadsheet for purchasing my first STR cabin near Gatlinburg.

If it takes you two months to find a replacement renter, then the original tenant must pay you two months of rent.

I included links in the original post, but maybe that isn't allowed.

As for the original post, I think something like this works best if it is concrete: dates (say the last week of July and December), monetary consideration (I would suggest a separate sublet provision wherein you pay them for use, rather than working out rent credits), insurance and liability requirements, etc.

The original plan was to use the equity to build in a few years, but we were blessed with triplets so things got a lot tighter.

I will work with the tenants and see what works for them while sticking to my original plan of raising rents by $200 a month until fair market price is reached. 

It was written legally that I am able to purchase the house from the trust for the original purchase price.