Posted by Mark Smith on July 12, 2000 at 03:16:20:
In Reply to: MY RIGHTS AS A RENTER... posted by MARY DE PAZ on July 12, 2000 at 02:12:12:
First, don't use all capital letters when you post a message.
Second, read your lease and option to purchase. Does it say when you are allowed to exercise the option, and how you must exercise the option? Is there any provision which would allow the landlord to end the lease before three years?
Third, the local bar association should be able to give you the names of several real estate attorneys who will do an initial consultation for a small fee. Bring all your papers to the attorney's office. Ask the attorney if there are any California laws which might award you attorney's fees if you have to fight your landlord's efforts to end your lease before three years and the landlord's attempt to deny you the right to excercise the option to purchase.
You might still have the right to exercise the option, and the landlord may just want to sell the house -- at a higher price -- before you exercise the option. Unless the lease and option say that a sale of the house ends your option, you would still have the same right to exercise the option with the new landlord.
: 2 YEARS AGO I LEASED A HOUSE WITH A CONTRACT FOR 3 YEARS ,LEASE W/OPTION TO BUY.I STILL HAVE ONE MORE YEAR TO GO,BUT MY LANDLORD TOLD ME THAT MY CONTRACT WAS BROKEN A YEAR AND A HALF AGO ,(WICH I DIDN'T KNOW),AND THAT HE WANTS TO HAVE A NEW LEASE FOR SIX MONTHS,BECAUSE HE DOSEN'T BELIVE I WILL BE ABLE TO BUY THE HOUSE IN THE NEXT YEAR AND HE WANTS TO SELL IT.I HAVE INVESTED IN THIS HOUSE ALMOST 10,000.00 DOLLARS IN REPAIRES AND RENOVATING THE HOUSE W/ THE IDEA OF BUYING IT.IF HE HAD TOLD ME THAT I DIDN'T HAVE ONE MORE YEAR , I WOULDN'T CONTINUE INVESTING MONEY IN THE HOUSE.HE DID SAY HE WAS SORRY I WAS GOING TO LOOSE ALL THE MONEY I HAVE PUT INTO THE HOUSE, BUT HE NEEDED TO SELL.SO, DOES THIS MEAN , I WILL LOOSE EVERYTHING AND END UP IN THE STREET ? ALL MY MONEY IS INVESTED IN THE HOUSE.WHAT CAN I DO ?,THE LAWYERS THAT I HAVE TALKED TO CHARGE $225.00 AN HOUR.ONLY PEOPLE W/ MONEY CAN AFFORD TO BE PROT
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