Wait until they show up with contract in hand, otherwise take the free publicity of the property.Just my 2 cents and not legal advice.

Generally speaking all parties with an interest in the property have to either agree on what to do or take legal action to force things to happen.

I would recommend checking with your landlord association, or state lobby for landlords to find out what the guidance is for for the amount allowed to be charged for early termination in your state. 

Fortunately, one of my partners in that venture is a lawyer and she helped figure out the legal ramifications. 

I was told Legal Zoom could, however since my LLC has already been opened.

Its zoned as a single family home and has everything necessary to be a legal accessory as far as the city goes, but there are a few problems with the HOA.This is what the HOA has to say about renting out part of the home. 

You'll cancel out a lot of mistakes you would've made if you did it on your own without any guidance. 

What're our legal options here?

What are the legal steps to start building a spec home?

@Michael V Akbar There is nothing as a dumb question on BP. best to answer the question now than to find yourself in a legal quagmire.