A question regarding a property sale contingency
Happy New Year Everyone!
This is my first posting on BP so I apologize if my terminology is not precise. I am seeking advice on a particular matter. My daughter is currently a Freshman at an urban university and I have been interested in buying a property where she could live with fellow students while charging rent. I came across a potential candidate but the property is owned by a conservancy which desires that the acquiring homeowner move into the property. Would it be possible to set up a trust to have the asset listed in her name so that she meets this qualification? I understand why the seller would want this contingency but is there a way to still make this purchase while still meeting this legal requirement? If this is indeed possible and if you live in NJ, do you have an attorney that you could recommend on this matter?
Any advice on this matter would be appreciated.
Regards.