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
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.