Join the 9 million people who found a smarter way to get Expert help

Recent Lease Purchase questions

What are these two agreements holding me accountable for? I

What are these two agreements holding me accountable for?I want to know I'm not doing something stupid by signing them and that I can truly cancel at anytime without any penalty etc... Can you advise please?(attachment to come)Kenny(###) ###-####cell/text

Read more

Asad Rahman

Attorney

J.D.

2,806 satisfied customers
Purchase or rent to own in Ga, is the non-refundable deposit

For lease purchase or rent to own in Ga, is the non-refundable deposit returned if the buyer cant qualify for a loan at the end of the contract term, or kept whether they cant qualify or simply chose not to purchase?

Read more

Roger

Litigation Attorney

Doctoral Degree

33,430 satisfied customers
I lease/purchased a rural farm to a lady. We signed a

I lease/purchased a rural farm to a lady. We signed a contract for the 1st year, but she has now lived there 4 1/2 years. She was gonna purchase it, but has run into financial difficulty & is gonna move.During this time, she paid for & built an unattached two car garage, paved the driveway into a circular driveway, & placed piers under the foundation which it needed.We chatted about this, but i never gave her permission, either in writing or verbally. She thought she was increasing the value & upon re-appraisal it would show as increased value, hence becoming part of her down payment.Now she has given notice. Has not asked about the improvements.Am i under any obligation to her financially for these improvements?Thanks...Charles

Read more

AttyHeather

Attorney

Juris Doctorate

760 satisfied customers
Am I bound to the Agreement Estate Deed I signed back in

Am I bound to the Agreement for Real Estate Deed I signed back in 2010? The home is a lease to own and I have been turned down for a loan because of "earnest money" paid in 2010 and something about the deed.

Read more

Law Educator, Esq.

Attorney At Law

Doctoral Degree

106,664 satisfied customers
I live in State. I have a renter in a house I own who wants

I live in Washington State. I have a renter in a house I own who wants to buy it. He doesn't have enough for a down payment. At present I have $30 to $50 of equity in the home but it needs some work to be inspection worthy. Is there some way that my renter can do the work necessary and have his work credited as "sweat equity" towards the down payment?

Read more

Roger

Litigation Attorney

Doctoral Degree

33,430 satisfied customers
I am a buyer in a 5 year land contract with a balloon in the

I am a buyer in a 5 year land contract with a balloon in the state of tn. The balloon payment is due on June 1st, 2016 in order to fulfill my obligation. The sellers have been hounding me for months even though I have made every monthly payment plus taxes on time as agreed. We also have kept the homeowners ins current as agreed. My question is without being in default to the sellers, do they have the right to put a for sale sign in the yard prior to the contract end date, just because they think we wont be able to satisfy the balloon? I believe this is a breach of contract on their part since we are current on everything as agreed. I technically have till June 1st 2016. So would i be able to recover my down payment of $5,000 plus 5 years of property taxes and 5 years of Ins. premiums due to sellers breach of contract? Please advise me, I have been praying for a miracle and even buying lottery tickets in hopes of fulfilling the balloon payment but the sellers are not willing to abide by the terms of their own agreed contract. They even went as far as giving me a 60 day vacate notice by certified mail even though I have not defaulted in any way. They mailed that to me on April 02, 2016- 2 months before contract is up!

Read more

Roger

Litigation Attorney

Doctoral Degree

33,430 satisfied customers
I have a tenant in breach of a lease purchase but I haven't

I have a tenant in breach of a lease purchase but I haven't enforced because I'm being told lease purchases are not legal. How do I get them out now?

Read more

Richard

Owner

Doctoral Degree

46,666 satisfied customers
I have a home that is completely furnish, I will have the house

I have a home that is completely furnish, I will have the house rent/lease purchase to buy agreement. I agreed to sell the home for $100K, @ 7% for 180 months, For $1000. monthly, 87%, would go toward the principle and the Interest. the leaser, will put $3000,. down as the first, last and security deposit. I would pay the Taxes, Homeowners & Flood insurance through out the 180 months. After the 180 months they will pay all closing cost to have the house converted into their name and the house would be theirs. They may refinance at any time after the first year. The home is completely paid for.What is the best way to complete the deal.How do I protect the leaser and the lessee,

Read more

LawTalk

Attorney at Law

Juris Doctor

32,450 satisfied customers
We started purchasing a home in Tennessee a year ago by doing

We started purchasing a home in Tennessee a year ago by doing a lease option. We gave the owners $20,000 at closing and agreed that $250 of our lease would go towards the purchase price. The owners have filed Chapter 7, listing this property as "Home" and telling the bankruptcy court that they are not together and one of them resides at the property.What happens to my $20,000?Can the mortgage company take possession of the property when they find out?Can the mortgage company find out?The owners lied on their bankruptcy affidavit and filing.What happens when the trustee finds out?Should I vacate before the mortgage company or trustee takes the house?The mortgage company won't discuss with me because the owners are in bankruptcy.

Read more

Roger

Litigation Attorney

Doctoral Degree

33,430 satisfied customers
View more real estate law questions
In The News