Real Estate Law
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If you did a lease with option to purchase, then they don't get their names on the deed until they have actually finished purchasing the house. Until then, they are just tenants who can be evicted if they breach the lease agreement.
But if there is nothing that prevents them from subleasing, then that wouldn't be a violation. They are still liable for the payments and any damages that may be caused by the subtenants though.
So you can tell them that as soon as they pay the house off, or they refinance with a bank, you will add them to the deed. But until that happens, they are legally just tenants.
As for insurance, you need to keep it on the house in case of some damage from fire or storm so it would pay it off, but you aren't liable to pay for any of the tenant's personal property if they don't have their own insurance.
You are very welcome. Glad to help any time..
And yes, all answers and information provided is based on the customer's state. That is why they ask you what state you are in when you post a question. Giving customers information based on CA or FL law when they are in TN wouldn't help them much...
No worries, happy to help any time..
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