 Would you buy a beautiful big, cheap house knowing that the drive to work is about 1.5hrs? |
| My bf and I went house hunting over the weekend. We checked out a couple of model homes and he really likes this one house inparticular. It's about 2700sf,4 bedrooms (5 optional), and its ... |
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 What upgrades can you do to raise the value of your home? |
My husband and I are wanting to do some upgrades to our house, and I just want to know what kind of upgrades will actually raise the value of your home?
Thank you so much!
Additional D... |
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 How long do you think that this tenant will be a total deadbeat? |
| first month, great pays on time. 2nd month, late, hands me his payroll check(i accepted due to his problems) and cant pay the utilities.. this month, paycheck is torn to pieces(i didnt accept), no ... |
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 Next step after you evict your tenants? |
| Just got done evicting my tenants (FINALLY). What is the next step in terms of actually getting all of the past due rent they owe me and payment for damages done to the property?... |
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 How should i go about looking for houses to rent? |
| I'm looking into renting a home for a year in my college town, San Luis Obispo. Any ideas on where and how I should start off looking?... |
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 Can I qualify for a home loan? |
| I've been working at the same place for a little over a year, making roughly 2500 a month. My wife is graduating this summer with her masters in teaching so we will be making a lot more soon. We ... |
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 Where is there a beautiful small town in north america? |
| I am thinking of moving to america and would like to find a really nice small town, to move near to, also I dont want the weather to be too cold I would like the landscape to be gentle rolling hills ... |
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 I live in a private house is it a legal offense for my landlord to go through my mailbox? |
| Im having issues with my landlord and he has been going through my mailbox and taking important mail and putting the mail back in a week or two ... |
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 Which refinance option is more convenient? (See details)? |
I'm refinancing my home loan. My credit score: 792
At this point I have no equity in the house. I bought it 2 years ago.
Options:
1) 3 year mortgage at 5.875% (... |
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 Can a person take the real estate exam without going to real estate school? |
| I'm interested in the real estate career but to shortened the question: Can I just take the real estate exam without going to school.... |
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 What can i do if my downstair neighbour doesn't maintain his garden? |
Hello.
My kitchen and living room windows overlook my downstair neighbour's back garden.
A year ago, a new owner bought the downstair flat and rents it out. He doesn't ... |
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 Lying landlord? |
| Ok i moved into a rental home in april when i was about to sign the lease i had asked if the house (built in 1910) had been tested for lead paint and if there was any around. well my land lord said ... |
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reegoodman | Is this a breach of contract? |
We rented a house to a couple who wanted to buy it but needed a little time to get financing in order. we agreed to a contract for deed or lease with option. Well, now they are divorcing and we are wondering since we leased with this intention to "sell" our house to them and both their names are on the contract, is this a breach because he's wanting off the contract/lease? |
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Landlord
|
I have never heard of a "lease to buy" contract EVER finishing, and I am not a youngster.
You are related what happens 100% of the time,(that I have seen or heard anyway), the buyer can not perform. What happens is always the same, you keep your house and any monies that have been involved. The renter is really just a renter and moves on with life.
You will not be able to sue for additional funds, as legally they are just renters. They can not sue for any refunds, as they did not fulfill the terms of their contract. |
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ranger_co_1_75
 |
Lease / Rental Contracts with a buy option are nothing more than Lease / Rental Contracts until the Leaser exercises his buy option and sets up an escrow.
In simple terms, you have a Rental Contract and Renters, nothing more. Treat them the same as you would any other Renters getting a divorce.
Owned Rentals for 32 yrs. |
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Rush is a band
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Certainly when they signed they intended to buy the house. Now their circumstances have changed and you probably have the right to keep some excess money in case they don't buy.
I agree with alterfemego that you should probably agree to terminate the lease. You shouldn't renew it at all and then you should sell the place as you originally intended.
good luck! |
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rakshaagro
 |
no never it is not a breach of contract on your side |
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Beverly S
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It is a breach on their part. If you had them pay any down payment/earnest money etc. there should be something on your contract stating you get to keep that. If they couldn't qualify when they first moved in it's even more doubtful that which ever one wants to stay would qualify on their own. I would tell them you consider the contract broken. Good luck! |
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Brian A
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It really depends on what the terms of the contract are. What you intended to do is not relevant if it is not specified in the lease. If he is not living up to the terms of the contract he is in breach. If the contract gives him an out, he is not in breach regardless of anything else that was discussed, etc, outside of the specific terms of the contract. |
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Mark C
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You will never see anything out of this, move on. They have more problems than a house contract. |
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Dawni Do Right
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I'd retain any non-refundable deposits & send them both on their merry way. Contract over, can't be executed, chances are ex-fiance can't qualify or make the payments on her own.
Start the notice to vacate as soon as your contract allows.
There will be 10 more begging to replace them. |
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Elaine K
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Let them go and ei9ther put the house back on the market or rent it if you are in an area where the rental market is good. |
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Kam P
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see a lawyer |
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Alterfemego
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You're better off letting them both leave, the sooner the better. No sense in getting involved with a divorce.
While seller financining is pretty attractive theses days, is it really in your best interests in the long run? Especially if this kind of thing happens. You might consider just selling it outright and be done with it. |
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