What is a characteristic of a contract for sale that is conditional upon the buyer's ability to obtain leases?

A contract for sale that is conditional upon the buyer's ability to obtain leases is enforceable. This means that the terms of the contract can be legally upheld, and the parties involved are obligated to follow through on the agreement once the specified condition is met.

In real estate, it is not unusual for agreements to include conditions that need to be satisfied for the contract to be binding. The condition regarding the buyer obtaining leases is a typical example of a contingency, which is a specific requirement that must be fulfilled. Once the buyer successfully acquires the necessary leases, the contract becomes enforceable, and both parties must adhere to its terms.

By contrast, if a contract were void or voidable, it would mean that it lacks legal effect, either permanently or can be rescinded by one party under certain circumstances. Legally insufficient would indicate that the contract does not meet essential legal criteria, which is not the case here given that it simply includes a conditional clause. Thus, the enforceable nature of the contract allows it to stand as valid and binding once the condition is satisfied.