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You want to purchase a home and have 6 months left on your lease will you be liable?
Wiki User
∙ 17y ago
Depends upon the Language of the Lease. You have a lease, I'm assuming. You can figure, generally speaking that you will be Liable.. Sorry
Wiki User
∙ 17y ago
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What exactly does homes for lease mean?
Leasing a home is similar to renting a home. You will pay rent to the owner with a contract. However with a lease you are often required to rent the place for at least a certain amount of time. If you move out before then, you may be held liable for the remaining months of your lease.
Can you break your lease if your landlord refuses to fix things?
Yes, you can break your lease if your landlord refuses to fix things, as long as this is specified in the lease. Your landlord is liable for keeping the home in working order and safe. Contact an attorney to help you with the lease.
A lease to own house purchase also rent to own purchase or lease purchase is a lease combined with an option to purchase the property is that true?
A lease purchase is a method of buying a home by way of a rental or lease agreement that includes a clause (option) allowing the renter/lessee to purchase the home within a specific time frame. Sometimes called an option or a rent to own purchase, this home-buying method is similar in concept to renting to own a property, only the financing of the property is generally transferred from the seller to a lender once the renter/lessee exercises the option to purchase the property. Lease purchases are popular amongst homebuyers with poor credit, who cannot get financing, and are often used as a means to secure a home at a set price while repairing credit issues in preparation for bank financing. These instructions will guide you through the process of a lease purchase.
Can you break your lease if you purchase a home?
No, purchasing a home is not sufficient reason to break your lease for a rented dwelling. However, you may want to talk to your landlord and see if he/she will release you from the remainder of your lease. Sometimes this involves paying all or a portion of the rent due from the remaining terms of the lease.
How long is the average lease or contract for a rental home?
The average contract for a rental home will vary by the area you live at. However, the average here in Utah is 12 months. Most landlords like to have a longer lease so they are not switching tenets every 6 months.
What is expected if a landlord sells home and asks tenants to leave 3 months before lease ends?
In most states the landlord has to honor the terms of the lease until that lease ends, even if he plans to sell property.
If you want to buy a home but the property you want is tenanted out for another 10 months can you break this lease if you choose to?
Yes, maybe and no. Truly depends on how the lease is written. The leasors could be a pain and fight you and in the meantime while you are filling your notice to evict and being granted (depending on the state could be days or months) they could be trashing your property. Most of the times given a 60-90 day notice and receiving any secruity deposits back they will move on. Remember the old owner could have 0 to a couple months rent in secruity. The old owner could also be held liable for you evicting them. It depends on the lease. Hope this helps
What is the best way to find a house with a lease to purchase option?
Often, you can ask the owner of a home you are interested in purchasing if a lease is an option. If the owner is interested in leasing the home, you should have a real estate professional draw up the contract.
Can you get out of your lease if you lost your home to a hurricane and moved into an apartment but now have been offered a low interest loan through a relief program to purchase a home?
yes you can all you have to do is show them your purchase agrement when you buy
Can you lease purchase a home without co-buyers consent?
No. To execute a valid contract it needs to be signed by all the owners.
How much do you put down on a lease to buy a home?
A lease does not buy a home.
Where can I find a company that allows a home lease agreement for a low closing rates?
A lease is a document that details a rental agreement for a property, whether that is a house, apartment, condo, office space, etc. Closing costs do not apply to a lease. Closing costs are the fees associated with the purchase of a home through a mortgage lender. A lease-purchase agreement might be set up with arrangements for closing costs. Closing costs are specific fees for specific services that are detailed at closing by the lender. It is not a "rate."
