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Updated about 5 years ago on . Most recent reply

User Stats

8
Posts
2
Votes
Brad Garcia
  • Moorhead, MN
2
Votes |
8
Posts

Rent to Own - Capital Improvements During Lease to Purchase Price

Brad Garcia
  • Moorhead, MN
Posted

I have been trying to research information on one question I have with the Option to purchase of a RTO:

Being the purchase price is negotiated at the beginning of the lease, how does a landlord/seller cover themselves in large improvements to the property. For example, if the roof is replaced but the purchase price stays the same, the tenant/buyer scores a sweet deal. Am I missing a clause typical for an agreement?

Just reaching out to get more educated before talking with a local real estate attorney.

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