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@DaveMongoose Thanks. I'm disappointed that this means I probably won't be renewing my lease and will have to move again at the end of this one, but I do not feel comfortable with whatever he's trying to propose and will not be taking part.
@Putvi My primary concern is that this would involve forfeiting my rights as a tenant and would free him of his responsibility as a landlord. I'd become responsible for repairs and whatnot.
@Putvi You are correct in that I am not planning on buying the property and had never even heard the term before today. I do not plan on signing the land contract and I have given no cause for my landlord to terminate the current lease, but this is probably enough concern for me to find elsewhere to move when this lease is up. I have not been offered any form of compensation to sign the land contract and my landlord thinks that I'll voluntarily agree to terminate the lease and sign the land contract for the sake of helping him screw the city. This is all based on a single phonecall.