lease to purchase contract

1 Answers. Asked on Aug 17th, 2013 on Residential Real Estate - Colorado
More details to this question:
signed a lease to purchase contract and in the contract it states property ia as is. who is responsible for repairs
Answers Showing 1 out of 1
Donald Eby at Robinson & Henry, P.C.
Licenced in CO
Answered on Aug 17th, 2013 at 5:20 PM

The answer to your question depends upon the terms of your agreement with the seller.  At this point your are a tenant thus, one would expect the landlord to be responsible for the repairs.  However, it is not uncommon in lease-to-own contracts for the landlord to attempt to shift that responsibility to the tenant "as the new owner."

You will need to carefully review your contract, attempt to negotiate with the landlord, and likely consult with an attorney regarding the specific facts and obligations of your contract.

Good luck.

Don Eby

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Residential Real Estate
Residential real estate attorneys can assist and advise homeowners at all stages of property ownership, including negotiating, drafting and reviewing purchase agreements; applying for zoning variances; appealing property tax assessments; clearing liens; exploring options to prevent foreclosure; defending homeowners during foreclosure proceedings; and representing homeowners in the event of defect non-disclosure litigation. Residential real estate lawyers can also represent either landlords or renters on lease negotiations, if landlord-tenant disputes occur or in the event of eviction proceedings.
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