Ask Me Help Desk

Ask Me Help Desk (https://www.askmehelpdesk.com/forum.php)
-   Real Estate Law (https://www.askmehelpdesk.com/forumdisplay.php?f=29)
-   -   Add termination clause to purchase a home in lease (https://www.askmehelpdesk.com/showthread.php?t=820760)

  • Jan 21, 2016, 08:38 AM
    DebMailhot
    Add termination clause to purchase a home in lease
    I am the landlord and agreed to add an early termination clause if the lessee's purchase a home. I can't find this language anywhere. 20 years ago I was a property administrator and we had an addendum added that had this language. Anyone have that language?
  • Jan 21, 2016, 09:01 AM
    hkstroud
    I am not knowledgeable in this subject (legally) but I have to ask this question.
    Why would you want to include such language in a lease. Logically, if you sell the property to the lessee, the lessee would then be his or her own landlord.

    Why bother?
  • Jan 21, 2016, 09:29 AM
    talaniman
    It is unclear what you mean. Do you mean they can terminate your lease with them if they purchase a different home or yours?
  • Jan 21, 2016, 11:04 AM
    ScottGem
    Keep it simple.

    Tenant may terminate this lease prior to expiration with 2 months notice, in writing, if they have gone to contract on the purchase of a home. Proof of contract must be submitted with the 2 Month notice.
  • Jan 21, 2016, 08:36 PM
    ma0641
    Is this for someone in lease who wants to buy the same house? Your question is a bit vague-what house?
  • Jan 22, 2016, 06:32 AM
    ScottGem
    I assumed it was for purchase of a different property. An early termination clause wouldn't make sense if they were looking to buy the same property.

  • All times are GMT -7. The time now is 02:12 AM.