Lease/Option to buy law in PA
Asked Aug 17, 2009, 04:13 PM
I have a rental in PA, managed by an agent who found a renter with the desire to have a lease with option to buy. When I mentioned up-front consideration to buy money and a additional monthly fee as option money, the realtor/manager had never heard of these. Now, I am confused. What are the home owner's financial expectations with a lease/buy option in PA? Any responaibilities beyond the norm of having a tenant? Also, when is the sale price of the house determined?