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Updated over 5 years ago on . Most recent reply

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72
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19
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Doron Rice
  • Closter, NJ
19
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72
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Solar panels removal

Doron Rice
  • Closter, NJ
Posted

I saw a nice property that I want to flip (in NJ). this property has solar panels on the roof which I plan to remove (house needs new roof). the property is sold in an as is condition (short sale).  I wonder if the lease of the solar panels will transfer to the new owner or they are leased personally to whoever bought them and I wont have to assume the lease if I to buy the house. It'll heart me selling a house with solar panels debt attached to the house.

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3,177
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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
1,999
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3,177
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Christopher Phillips
  • Real Estate Agent
  • Garden City, NY
Replied

@Doron Rice

Only the owner can answer that. Leases don't automatically transfer.

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