How can you void a rent to own contract when someone pays rent late every month
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How can you void a rent to own contract when someone pays rent late every month
220 month rent to own contract but the renters have
started paying late every month.
Asked on February 10, 2018 under Real Estate Law, Oklahoma
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
If the contract specifies the date by which rent is due, then if they pay late, they are in breach of contract; under the law, party 1 to a contract may terminate it for party 2's breach. So legally, if they pay late, you may terminate the contract for their breach. Practically, there will be several steps involved: terminating a rent-to-own contract for breach of contract is not the same thing as removing the occupants from the home (evicting them). You are strongly advised to consult with a landlord-tenant attorney about the situation and the steps/actions to take.
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