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Updated over 6 years ago,
Lease Option- What repairs are the tenants responsible for?
We have been doing a lease option for 5 years and have recently decided to move on.
The lease generally states we are responsible for repairs with nothing else spelled out and we have been allowed to write off the interest and taxes every year.
Since being there we have done many improvements and a lot of repairs. One of the biggest repairs was putting in a new water heater
Whenever some repair came up with the house the owner would always state that “he is a bank and we would never expect Bank of American to do any repairs, but if we wanted to forgo our lease option money then we could forfeit that and he would come donthe repairs”
Anywho we have moved out and he is saying the carpet needs to be replaced and that that is our responsibility and if not there is the possibility that he will sue us.
If I’m reaponsible I just want to know for sure.
Any insight into this situation is greatly appreciated.
Thanks.