weasel clause for land-contract - Posted by Lew

Posted by Lew on June 01, 1999 at 10:53:57:

Hi everyone!!! I hope you all enjoyed memorials day. Question: What are some weasel clauses in the event I need to back out of land-contract deal. I want to make offer contingent on finding tenant or either assigning deal to another investor. What’s a good rule of thumb to use here??

QUESTION #2: Whats the diffrence between a Land-contract and Lease option?? When doing this type of deal espicially on a realtor listing what sort of things do I need to be carefull of??
Any advice as always is greatly appreciated. Have a Great Day!!!