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    Maedna's Avatar
    Maedna Posts: 1, Reputation: 1
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    #1

    Oct 5, 2009, 11:15 AM
    Breaking a lease to buy a home
    What are the New York State Laws pertaining to breaking a lease to buy a house
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Oct 5, 2009, 11:17 AM

    A lease to BUY a house? I have no idea what you mean.

    Is this some sort of rent-to-own, buy as you go house?

    Or are you asking about a contract to purchase?

    I notice this is posted in Small Claims and not Real Estate so I'm really confused -
    ballengerb1's Avatar
    ballengerb1 Posts: 27,378, Reputation: 2280
    Home Repair & Remodeling Expert
    		  
    #3

    Oct 5, 2009, 12:29 PM

    So you mean you have a lease on one property and you want out of the lease to buy a different property, right? The easiest way is to pay off the lease or ask to negotiate a price to get out early. The LL or owner does not have to do this since you have a contract for the end of the term, be polite and nice or you could be stuck.
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #4

    Oct 5, 2009, 12:36 PM
    Quote Originally Posted by ballengerb1 View Post
    So you mean you have a lease on one property and you want out of the lease to buy a different property, right? The easiest way is to pay off the lease or ask to negotiate a price to get out early. The LL or owner does not have to do this since you have a contract for the end of the term, be polite and nice or you could be stuck.

    Got it - break this lease to buy that house. Good catch. I was baffled.
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