Sale of rental unit under lease purchase

Asked by Tom Cullen, Honolulu County, HI Tue May 8, 2012

I sold a property in 38125 through via lease purchase. It was a rental. My experience investing in Memphis rentals out of state (hawaii) has been bad. After evicting a bad tenant, decided to take advantage of my PM's lease purchase program. I was told the buyer/tentant is responsible for maintenance and repairs. It's been 6 months since the agreement was entered into, and I just got a bill for 1k for HVAC work done on the property!

The lease purchase agreement clearly states that the buyer/renter is accepting the premises in it's current condition. Also, that the buyer/tenant is responsible for ALL repairs and maintenance.

Any good RE attorneys out there?>
0 votes • Share • Following • Flag • Delete this question • Home Selling in 38125

Help the community by answering this question:

+ web reference
Web reference:


Tom Cullen, , Honolulu County, HI
Tue May 8, 2012
Thanks Rubin.

Will call him tomorrow.

0 votes
R Stein, Both Buyer And Seller, Memphis, TN
Tue May 8, 2012
Feel free to call me , I have a very good attorney. 9013407886

0 votes
Search Advice
Ask our community a question

Email me when…

Learn more