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All Forum Posts by: Jim Sokoloff

Jim Sokoloff has started 1 posts and replied 51 times.

Post: soldiers sailors act on a lease option

Jim SokoloffPosted
  • Real Estate Investor
  • Cambridge, MA
  • Posts 52
  • Votes 15

Have a read here: http://www.bankersonline.com/lending/sscra.html (Search for "installment")

Reads to me that if he decides to break the lease and walk, you're OK, but IANAL.

It also reads like there is only a provision if he entered the lease prior to being on active duty, at least according to one interpretation I read. (I haven't read the whole text of the act.)