Posted by JPiper on January 09, 1999 at 11:22:29:
I can?t tell you what other people advise or recommend.
I have NEVER sold a house via a lease/option that has ANY terms other than the tenant/buyer doing ALL the repairs. Is this hard?? No. The tenant/buyer is a guy who wants to own a home. I want him to own a home. One of the privileges (?) of owning a home is that you are responsible for repairs. It?s not even something that gets very much discussion. I don?t know where you?re reading that a tenant/buyer should only do up to $100 in repairs?.but if I?m the seller, it ain?t going to happen.
If I were the buyer this would be an attractive term of course. And perhaps this is what you?re referring to. And yes, if I were successful at negotiating this particular term with the seller, I would still insist on the new tenant/buyer making all repairs.
By the way, I generally agree to do all repairs when I lease/option a house. You?re right. It?s a selling point. I don?t even try to limit what repairs I will do.