What to do if I’m the buyer in a rent to own transaction but the seller is trying to sell to a third party?
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What to do if I’m the buyer in a rent to own transaction but the seller is trying to sell to a third party?
I always pay on time, without fail. I have paid the property taxes and home owner’s insurance which remains in the owner’s name for the past 2 years. I was just told by a third party that the owner intends to put the property up for sale. Is this legal?
Asked on June 21, 2012 under Real Estate Law, Florida
Answers:
david slater / david p.slater, esq.
Answered 11 years ago | Contributor
If your lease gives you the right of first refusal, the LL must offer you the right to purchase the premises.
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