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Option to buy a rental property

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R

Ramsis Azer

Guest
We rent a house in PA, and we have a two year lease on a home. We have been in the house for only six months. One of the clauses states:
" The tenants will be given first option to buy the property after the two year rental period if the landlord decides to sell the dwelling at that time. This is not to imply in any way that the landlord must sell the property at that date. Landlord may continue renting to the tenants or any other persons at that time."

Does the landlord have the right to put up the house for sale and sell it BEFORE the two years are up? Can he forces us to make an offer on the house before the lease is up? Do we have to make an offer on the house now just because he decided to sell? If he finds a buyer now, can we stop him from closing the deal since we have "first option" and we are not "after the two year rental period"
 


L

lawrat

Guest
Usually, if you rent and the owner decides to sell, you go bye bye and so does your lease.

Call your dept of housing to see if there are special laws in your state/city covering such a situation.
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I am a law school graduate. What I offer is mere nformation, not to be construed as forming an attorney client relationship.
 

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