Posted by tom on September 23, 2003 at 16:36:02:
John,
I have done a net lease, similar to commercial RE that puts all the onus on the tenant buyer. I am not sure how that would hold up, but the sales contract is ‘as is’ with all faults and with a property disclosure.
how would that hold up? (generally of course).
tom
Lease Option - Posted by thomas
Posted by thomas on September 22, 2003 at 18:19:58:
On a lease option to buy property. If the term is 3 years, who is responsible for the upkeep of thge home meaning Air conditioning, plumbing etc.
Re: Lease Option - Posted by JHyre in Ohio
Posted by JHyre in Ohio on September 23, 2003 at 07:27:17:
Depends on two things: Terms of the contract (especially the option portion of the lease option) and state law. Technically, state law requiring landlords to complete repairs can ovreride the contract, but tenants don’t normaly pick up on that.
John Hyre