Ask Experts Questions for FREE Help !
Ask
    DebMailhot's Avatar
    DebMailhot Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jan 21, 2016, 08:38 AM
    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?
    hkstroud's Avatar
    hkstroud Posts: 11,929, Reputation: 899
    Home Improvement & Construction Expert
    		  
    #2

    Jan 21, 2016, 09:01 AM
    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?
    talaniman's Avatar
    talaniman Posts: 54,325, Reputation: 10855
    Expert
    		  
    #3

    Jan 21, 2016, 09:29 AM
    It is unclear what you mean. Do you mean they can terminate your lease with them if they purchase a different home or yours?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #4

    Jan 21, 2016, 11:04 AM
    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.
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
    		  
    #5

    Jan 21, 2016, 08:36 PM
    Is this for someone in lease who wants to buy the same house? Your question is a bit vague-what house?
    ScottGem's Avatar
    ScottGem Posts: 64,966, Reputation: 6056
    Computer Expert and Renaissance Man
    		  
    #6

    Jan 22, 2016, 06:32 AM
    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.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Early termination clause in the lease [ 5 Answers ]

My husband and I put an early termination clause in our lease agreement with the current tenants. The clause states that we have the right to terminate the lease early for any reason as long as we give the tenants 30 days notice. The tenants signed the lease, but can we legally enforce the clause?...

Looking to add a cancellation or early termination clause to a lease [ 9 Answers ]

I am a landlord in FL, renting an apt during the winter to an elderly couple fronm up north... Due to their age and any unforseen circumstances, I need to put in an early cancellation clause in the lease in case they can't take residence next year as scheduled or have to terminate early due to...

Is an early termination fee or liquidated damages clause required on lease contract? [ 7 Answers ]

I live in Florida. I need to break my lease. There is an stipulation on my contract that says... "tenant must first submit such request in writing to the office. resident must give 60 day written notice and remarketing fee of $250. The charge will in no way release the resident of his/her...

Lease Termination Clause for Condo Rental [ 2 Answers ]

Can anyone provide/point to a proforma tenant centric 60 day lease termination clause to be added to a standard rental agreement once a verbal agreement is accepted?

Breaking a lease to purchase a home [ 1 Answers ]

I live in SC and I currently live in a apartment, my lease is not up until Feb of 2008. I recently got married and we did not expect that we would find a house to purchase as soon as we did. We close on June 6th. I gave a notice on May 1st, so it is over a 30 day notice. The new management at the...

View more questions Search