Looking for information on tenant buyout agreements in New York City? What should be included in a buyout agreement?An LLC buyout agreement template provides a framework for the legal paperwork that makes up an LLC buyout agreement. A new law takes effect on December 2, 2015 designed to prevent Owners from harassing tenants through the offering of buyouts. Seller shall sell and convey and Purchaser shall purchase the property, together with all buildings and improvements thereon (collectively the. Landowners who seek to buy out the rights of tenants in occupancy face a minefield of requirements and restrictions. When you are finished, you can print your completed form.