Have been in rent to own contract with landlord for 9 months. Four days ago received call from guy saying he is the LLC who loaned landlord money to purchase property and he has defaulted on contract, rental payments are to be paid to him. Landlord called 10 minutes after and said that this was all true and he gave property back to the lender so it would not go into foreclosure. The lender came by to examine the property and said that he will abide by the lease we currently have nothing will change, and that if we make the major repairs to the roof we can knock that off the rent. Now my question is my contract still good or has the previous landlord violated it, with no transfer of property notated any where? I know in Florida that we are not allowed to make repairs and take it off the rent and I have to file a material damage. What should I do we do not want to lose all the money we have in this house.

Hello again k:

I answered your question here: https://www.askmehelpdesk.com/real-estate-law/rent-own-337628.html

excon

The problem here is first your wording, you keep saying paying "rent" you do not pay rent in a contract for deed, you are making a house payment, and in that contract you are gaining equity in the home.

And since you are buying the home, normally it is your responsibility not the person you are buying it from to pay for any and all repairs of the home. So you do not take repair payments off your house payment.

Now you said lease, a lease is not a contract for deed either.

So actually I have no idea what you have, since you keep changing the story within the same question.

1. a contract for deed, you should get a letter stating they will honor the contract, then if a ballon payment is due, you still have that right

2. if this is just a lease, and they said they will honor it, get it in writing from them also. Even ask for them to rewrite it.

3. payment of repairs, if they will again,put it in writing, I see no issue with it, but again go back to your contract