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

Recent Rent to Own questions

Our situation is a tad unique in how my husband and I have

Our situation is a tad unique in how my husband and I have never met the man who owns the home we live in. He lives outside of the US. We were originally going through an agent when we moved into the home 6 years ago. The agent was removed from the equation a few months later and we dealt solely with the landlord via Facebook and E-mail. The agreement, which we have from the landlord in a ton of emails, is that we are renting to own the house, treat the property as our own, and take as long as we need to take over the home. To make a long story short we had a real estate agent come by the house the other day and tell us we have 1 week before he puts the house on the market. Come to find out he already has it in the paper! We never received an email from the landlord prior to this or any other form of communication. We have made all rent payments every month for 6 years. Payments were drafted from our account into his so there is proof. Also, since we have been renting to own we have done quite a bit to the home including replacing the roof, plumbing, replacing floors, replacing appliances, etc, etc. Is the landlord within his rights to get an agent to try to sale the house out from under us?

Read more

Barrister

Attorney/Landlord/Realtor

Doctoral Degree

50,226 satisfied customers
My fiance had been renting to own his mobile home for the

Hello. My fiance had been renting to own his mobile home for the past 3 or 4 years. His landlord has nothing written in the contract about lot rent, and has been taking $150.00 out every month towards it. The only thing stayed in the contract is that after he had the mobile home paid for he can pay 150 lot rent. Nothing typed in about paying it now. Is this legal? Does it have to be typed in or can it be a verbal agreement? In afraid all this money is going on the principal. We reside in Tn. If you need to look up Tn laws. Thanks

Read more

Ely

Counselor at Law

Juris Doctor

67,218 satisfied customers
I've been the executor of my dads for almost 2 years. Most

Hi Pearl, I've been the executor of my dads for almost 2 years. Most recently I've had a neice move into the property with the intention to purchase it. she has made two payments. The value of that house is not that great. However she doesn't have established credit and has not yet qualified for a loan to cover the total purchase price. I can purchase the house and do a rent to own. But I'm not 100% as to how to handle that. There are heirs. And I've had to purchase a bond on the house.. let need advice on how best settle this matterJA: Because real estate law varies from place to place, can you tell me what state this is in?Customer: Sorry I'm SherriJA: Has any paperwork been filed?Customer: NoJA: Anything else you want the lawyer to know before I connect you?Customer: No

Read more

Ray

Lawyer

Doctoral Degree

39,192 satisfied customers
The situation: We'd like to sell a rental property in

The situation:We'd like to sell a rental property in Minneapolis to a friend for many ease and friendship-related reasons. He has too many other mortgages right now to qualify for a conventional loan. He's suggested some shady-sounding options like a lower sale price and giving us cash on the side in the form of a promissory note for about a third of the sale price due in a year or two. We're not interested in anything shady and are looking for something that might work for us all..• He is open to contract for deed but transferring the title to his name could result in our mortgage being called in before he is able to cash out.• Could rent-to-own be a possibility? We could have an informal agreement that he will take on the upkeep of the house, and apply rent toward the selling price until enough is paid down for him to finance?• Are there any options that could work?JA: Because laws vary from place to place, can you tell me what state this is in?Customer: MinnesotaJA: Has any paperwork been filed?Customer: NoJA: Anything else you want the lawyer to know before I connect you?Customer: Cant think of anything

Read more

Ely

Counselor at Law

Juris Doctor

67,218 satisfied customers
Is it possible to be taken off a lease. I moved from my

Is it possible to be taken off a lease. I moved from my roommates house but I still pay my part of the rent there. He just asked for the key back so I gave it to him. So I was wondering if there's any way to be taken off the lease or what I could do about it?

Read more

RealEstateAnswer

Juris Doctor

33,200 satisfied customers
I am renting to own a home, we have a contract that the

Hello, I am renting to own a home, we have a contract that the owner drew up herself. The home in under the owners name, we give her a monthly payment and in that payment includes the taxes, home insurance (which is under their name, as well as the taxes) and interest. In the "contract" it states we are responsible for the maintenance and repairs of the home, which we understand. There is wall in front of our home that is in bad condition and needs to either be torn down or repaired. We decided we would tear it down and put another one up later. We informed the owner what we planned of doing, now they are requiring for us to do it within 30 days and we need to have a licensed contractor (which we cant afford). Since, the time frame and having a licensed contractor is not in the contract, do we have to oblige by what the are requesting. Also, since we pay interest on the home, could we claim that in our taxes?

Read more

Loren

Juris Doctor

40,370 satisfied customers
The tenant had already left the property and the plaintiff

The tenant had already left the property and the plaintiff requested a writ and the writ was applied towards a personal bank account with less than 5,000.00 applied. Is this legal and does the tenant have any options after the 10 day grace period ?JA: Because laws vary from place to place, can you tell me what state the property is in?Customer: PAJA: Has any paperwork been filed?Customer: yes, the sheriff has issue a writJA: Anything else you want the lawyer to know before I connect you?Customer: and there is a court session today to discuss, the writ and the freezing of the defendants bank account.

Read more

Barrister

Attorney/Landlord/Realtor

Doctoral Degree

50,226 satisfied customers
I rented a home from an individual who said he had stopped

I rented a home from an individual who said he had stopped foreclosure on the property from a previous owner by an irrevocable power of attorney (which I have seen a copy of, but the owner said it was forged) .. the original intent was to rent to own. About a month into living here, an attorney came to the door and said he represented the original owners & I should start paying him. (My contract was/is not with the original owners, nor did he have in writing to sublet). The attorney for the original owners has sent me an eviction letter by mail.My question is, until this matter is settled in court, who has the rights to the property & who should I be paying; and can I REALLY be evicted?

Read more

Barrister

Attorney/Landlord/Realtor

Doctoral Degree

50,226 satisfied customers
Can Tennant back out of a rent to own lease at anytime

Can Tennant back out of a rent to own lease at anytime during the year if they chaneed mind and don't want to by texas law and is it legal to sell the house rent to own if bank still holds mortage knows nothing about sale top of contract signed says lease to purchase we printed of Internet owner also putting home and land up for sale while we are living their where do we stand do we have to stay for year knowing we can't get money to buy the property thanks.

Read more

Asad Rahman

Attorney

J.D.

4,182 satisfied customers
View more real estate law questions
In The News