All Forum Posts by: Mark Burn

@Michael Tuck Thanks for the message and the offer. I'm in the market to purchase and need to stay in north Austin; however, I'll reach out if something changes.

@Dan Hunter @Ryan Kelly @Mary M. @Justin Harper thank you all for your feedback and thoughts. I am currently working on the house hunt. The landlord and I are very amenable and friendly. I am very optimistic that we will be able to work out a deal that benefits the both of us. Just needed a little reassurance from the BP community. Thanks guys, you rock!

@Bjorn Ahlblad  @Bryan Martin Thanks for the thoughts! I really like the house itself, but am not crazy about the location (on the edge of the neighborhood close to a noisy major intersection which is a deal breaker for me).

I should add that the landlord offered free rent for the last month or two since they will likely need to do some work and show the house (which is an inconvenience to both me and my roommate who both work from home). 

Hello!

I currently rent a 3/2 SFH with a roommate in Austin, TX. We moved in March 2020 and renewed our lease in March 2021. My landlord told me earlier this year that he plans to sell this home and gave us the option to sign a 6 or 12 month lease. I am in the process of doing my due diligence and purchasing my first house hack, so I signed a 12 month lease (extending my stay until Mar 2022). My landlord told me that I can break the lease a month or two or more early if I find a deal. He will likely need a month to perform small repairs, paint, etc. in order to get the home market ready.

So, my landlord contacted me the other day and asked if I am able to move out early (next 2-4 months) as he wants to sell sooner than anticipated. I realize that I am protected by the lease agreement; however, I am sympathetic to his desire to sell while the market is hot. Especially, considering his willingness to let me break the lease early. However, I don't want to rush the buying process.

I should add that my roommate and I have been excellent tenants. The best they've ever had according to the neighbors. 

A real estate agent friend mentioned that the lease must be honored even in the event of a sale and that some buyers are looking for built-in tenants.

Thoughts?