When you buy a place with tenants living in the property, get an estoppel agreement.

It’s 12 years in MD unless renewed (and I’m not referring to State tax liens which never expire, but I’m sure you knew that).No title policy means no LOI and no coverage under any applicable mutual indemnity agreement between insurers... so coverage is out and potential liability is on you.Easiest clear is connection to the address. 

.- This agreement will cancel the lease agreement signed on X date after above criteria are met. 

If there's a clause in your lease agreement that is against the law (e.g. prohibiting tenants to have possession of marijuana, possibly) it could render the entire contract out of good standing.

She just records these agreements but is not the decision maker or the board so she probably doesn’t know the intentions of the restriction.

If your bro in law is on the same page and will sign an operating agreement that an attorney draws up it may be a good fit!

If there was an agreement that both parties were waiting on the occupancy permit and it has now been provided, the seller should officially request the buyer to perform. 

When it comes time to update lease agreements, simply include this as well in 'from now on/moving forward'.

In FL these contracts are assignable and others have told me it can be done so long as all parties are aware or verbiage on listing agreement/MLS is known for those inquiring buyers that the listing agent has "...contemplated interest in the property".

@Rick Singh Haldunia do you have a solid operating agreement in place?...