Asked by Jim L., 02770 • Tue Apr 7, 2009
I am currently leasing a brand new condo that the seller and I verbally agreed could turn into a purchase, without an option to buy clause, up front money, and agreed upon purchase price in the leasing agreement. What would be a fair amount of rent paid that could be credited toward the purchase price from the seller? Since this condo is now used should depreciation be factored into the original asking price when the lease started?
Real Estate in Rochester
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