Commercial Purpose Requirement Addendum on Residential
I'm buying some residential property from an out of state seller.  We have worked out terms under a Land Contract....normally I just buy outright, but the terms are pretty decent so I'm ok with that.  These are long term rentals, much like I have now.

Seller wants me to sign a commercial purpose affidavit that the buyer won't use as their own personal residence.  

There's no problem with me signing the Affidavit, I'm just curious as to why one would need to be signed in the first place?  Is it a financing thing on their end? etc? 

Thanks!
[{"id": "d4xtgqq", "text": "Look carefully for any deed restrictions. I have seen this requirement on environmentally contaminated properties where the owner agrees to a deed restriction against residential use instead of fixing the problem.", "replies": [], "depth": 1}]