(a) That possession shall be given to him on the date of closing: if that cannot be arranged that he be allowed a reasonable amount for use and occupation by the vendor, his tenants or lessees until possession is delivered.

(b) If the vendor has collected rentals from tenants in advance, the vendee shall receive the unused portion of such rentals from the date of closing.

(c) That vendor shall furnish an assignment of all leases or agreements which may affect the property, the vendee to assume the rights and obligations of the vendor thereunder.

(d) That the vendor shall pay or make provision for payment of all taxes and assessments levied on the property preceding the time of sale, including any installments of assessments levied but not paid, payment of which, however, extends in the future.

(e) That vendor shall furnish an abstract of title, showing a good and merchantable title in himself if the ownership of the property is by fee; if not, a merchantable title in the owner from whom the vendor derives his interest.

(f) If the interest of the vendor is acquired by a land contract, the provisions with which the vendee is to comply must not be any more strict than those which vendee will ultimately have to assume and which are contained in the present land contract; if they are more strict the vendee must be careful that he is fully protected.

(g) If the vendor does not own the property in fee but has only a land contract interest, the only way in which to establish the chain of title or interest in the property, would be by the vendor furnishing to the vendee copies of the land contract under which he himself is acquiring the property, and if his vendor has a similar interest, then also a copy of such contract. In addition thereto the vendee should have the privilege, as often as necessary, to inspect the contract under which his vendor is purchasing the property for the purpose of determining if the payments are properly made by him.

(h) The vendor should also enter into a covenant to pay and discharge any and all of the obligations undertaken by him under his own land contract, if he has only a contract interest in the property, and in the event of his default, the vendee should have the right to discharge the obligations of the vendor, the amount of such payment automatically to constitute a credit on his contract. It may also be advisable to provide that default on the part of the vendor for a certain number of times shall subrogate the vendee to all the rights of the vendor in the vendor's contract.

(i) When the length and character of the tenancies, and the rentals received are inducements for the purchase of the property, the vendee should receive a statement signed by the vendor, giving the names, the amounts of rental, and the nature of the tenancies.

(j) Interest on any mortgage which the vendee may have to assume eventually when the vendor's interest in the property up to the amount of such mortgage has been paid shall not exceed the interest payable under the terms of the land contract.

(k) That the vendor shall discharge and pay all payments of principal and interest on any mortgage which may exist against the property, until the vendee's obligation under the land contract has been reduced to the amount of the mortgage; and that payments on land contract should be suspended if the vendor defaults in such payments, the vendee reserving the right to apply the payments due from him towards reducing or discharging the mortgage.

(1) That if the vendor has had erected any new building within a period of sixty days preceding the time of sale to the vendee, some definite assurance either by way of written waivers of mechanics' liens or otherwise should be furnished the vendee to avoid the possibility of the vendee becoming involved in any litigation by reason thereof.

(m) That all insurance policies covering the buildings shall set forth the nature of the vendee's interest in the property, and the amount of the insurance carried should be sufficient to cover the interest of the vendee as well as the vendor and mortgagee or mortgagees.