Expert, localized Los Angeles answers provided by Heather Roy

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Halfway Through Lease Purchase

  We entered a lease purchase agreement to by a home. Our lease was up to 18 months as we were to start pursuing financing in the 12-18 month range. We have been in the home 7 months and my job is relocating me to Pennsylvania. The seller is saying I have to finish the lease and purchase the home. What are my rights.
 
  You need to talk with a lawyer as soon as possible.  Your contract should contain the answers to your questions.  You probably have the right to sell your contract to some other would-be buyer, who might step into the schedule where you leave off.  Find a good attorney who specializes in real estate.  Let me know what happens; I'm interested.  Good luck.
    Edith
Originally published on August 2, 2007
 
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