Posted by Bill K. - FL on February 05, 2000 at 10:07:47:
It seems to me with regard to loss claims that the owner is entitled to the claim proceeds but then would be liable to repair the house to allow for the tenancy. If the owner does not,and the house is not liveable or put back in it’s previous condition, then any option money, paid by and rent credits due to, the optionee would have to be refunded by the owner. The same would follow between any agreement with a sub-optionor and sub-optionee. Anyone who has been in this position please respond.