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Lease with an Option to Buy
by Vincent
on July 17, 2017 @18:14
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I have a condo that I purchase just over a year ago and for the past two years there has been a significant special assessment for deferred maintenance items. I want to offer my tenants an option to buy but am unsure of how to include any potential future assessments into the agreement. Anyone have any suggestions?
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Re: Lease with an Option to Buy
by Brendan
on July 20, 2017 @21:35
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You really can't include the special assessments for a tenant. You can do it but it wouldn't hold up. The purchase option still leaves the optionee as a tenant. Perhaps you could include that dollar amount as part of the non-refundable amount that you are requiring.
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