Why are options even necessary?
Hi, so I'm looking to tie up a property but I'm short on capital right now, and don't want to put any money down in a non-refundable option until I've secured a tenant for the property. Is there any way that I can draft an offer to purhase contract contingent on securing financing and contingent on securing a tenant? I need to control the property somehow, because I don't want competitors or the tenant to take the deal out from under me. However, I want to make sure that if I can't find a tenant to lease the property to and the deal falls through, I won't be held liable or vulnerable to a lawsuit. Any help would be greatly appreciated! Thanks :)