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Author Question: How are leases used in the purchase of real estate? What will be an ideal ... (Read 66 times)

jparksx

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on: Aug 2, 2018
How are leases used in the purchase of real estate?
 
  What will be an ideal response?

Question 2

What obligation does the landlord have under the terms of the lease?
 
  What will be an ideal response?


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dellikani2015

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Reply #1 on: Aug 2, 2018
Answer to Question 1

A lease may be used as a means for purchasing a home. It may also be used to permit a buyer of the real estate to gain possession when the closing date is delayed, or allow the seller to remain on the premises beyond the closing date.

Answer to Question 2

Landlords are required to rent a premises that is habitable and meets a minimum standard of suitability for human living. Other duties may be specified in the lease including the obligation to provide utilities and other services.


jparksx

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Reply 2 on: Aug 2, 2018
Thanks for the timely response, appreciate it

bigcheese9

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Reply 3 on: Yesterday
Excellent

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