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I just received a lease on a house that I really like and it gives me an option to buy it at the end of the lease. However, it actually has a list of repairs that the landlord wants me to do to the house in the first year. For example, replace dishwasher, replace shutters, and paint exterior.He even wants to do inspections every quarter. Is this legal? I'm in GA.
Also, it states that after the first year that I'm responsible for paying the homeowners insurance and property taxes. Is this normal when leasing with option to purchase?
I just received a lease on a house that I really like and it gives me an option to buy it at the end of the lease. However, it actually has a list of repairs that the landlord wants me to do to the house in the first year. For example, replace dishwasher, replace shutters, and paint exterior.He even wants to do inspections every quarter. Is this legal? I'm in GA.
Also, it states that after the first year that I'm responsible for paying the homeowners insurance and property taxes. Is this normal when leasing with option to purchase?
Sounds like a NNN lease, and that's normally reserved for businesses, not residential leases.
I'd run, not walk, from this house. Owner sounds like a wack job.
The thing is, it's just an option. Not definite. Suppose you don't opt (as in option) to buy? Why waste your money.
Or is the rent incredibly low hoping he'll get a contractor to rent the house?
The jargon is slightly different from one area to another but there is something more definite regarding purchasing after leasing. Some places call it a lease purchase or something along the lines of a purchase with all terms agreed to on the contract and the buyer moves in before settlement...sort of a presettlement occupancy.
But rent with maybe buying. Why would you pay all that for a maybe....to someone who sounds like a nut to me.
I just received a lease on a house that I really like and it gives me an option to buy it at the end of the lease. However, it actually has a list of repairs that the landlord wants me to do to the house in the first year. For example, replace dishwasher, replace shutters, and paint exterior.He even wants to do inspections every quarter. Is this legal? I'm in GA.
Unless you're 100% sure that you'll be exercising the option and buying the house for cash at a favorable set price, it would be ridiculous to enter into such an agreement.
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