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Posted by ray on October 17, 2001 at 13:36:19:

In Reply to: what happens if LL wants to sell? posted by PK on October 16, 2001 at 14:46:36:

if you sign a one year, you are there for a year regardless. Agency or individuals should be aware of this fact. In order to sell the apt, you have to show it. Is your lease conditional should he find a buyer in less than a year? You should read it. You may have signed it with clauses attached. In which case, you have to be prepared to move at any time. If not, you're safe for one year only. Rents are usually higher when it is "Renting w/ option to buy" The LL normally charges you a regular rent for the premises, and a little extra which will go towards a down payment. Speak with him if you're interested. Maybe he'll work something out with you.

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Comments:
: if you sign a one year, you are there for a year regardless.  Agency or individuals should be aware of this fact.  In order to sell the apt, you have to show it.  Is your lease conditional should he find a buyer in less than a year?  You should read it.  You may have signed it with clauses attached.  In which case, you have to be prepared to move at any time. If not, you're safe for one year only.  Rents are usually higher when it is "Renting w/ option to buy"   The LL normally charges you a regular rent for the premises, and a little extra which will go towards a down payment.  Speak with him if you're interested.  Maybe he'll work something out with you.


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