Legal Question in Real Estate Law in Florida

rent to buy

in a rental agreement, where the implied intent is the evetual purchase the property, can a deposit for the purchase of the home, can this deposit be deemed the rental deposit if the sale does not go through, and be stimpulated as being no refundable. during this period of renting with the pending decesion to purchase the property, what are the duties of the landlord for upkeep and insurance, who has the insurable interest?


Asked on 7/05/01, 11:41 pm

2 Answers from Attorneys

Randall Reder Randall O. Reder, P.A.

Re: rent to buy

Mr. Gonzalez's reply was excellent. The parties

can reach any agreement they want. It is best

to put it in writing. There are situations where

agreements may be implied as a result of parties'

conduct or statements. One would need to know

all the facts and circumstances before rendering

an opinion. I strongly suggest you seek the

advice of counsel.

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Answered on 7/08/01, 4:44 pm
Peter Gonzalez Sanchez-Medina, Gonzalez, Quesada, Lage, Crespo, Gomez & MachadoLLP

Re: rent to buy

Your question is all over the place and fails to provide sufficient facts, but I'll give it a shot. There is no such thing as an implied intent to purchase in any rental or lease agreement. If the tenant wants an option to purchase the leased premises, such an option must be expressly set forth in the lease (with a purchase option). The option language is either part of the body of the lease or attached to the lease as an addendum. If your current lease does not have the option language, then the parties can simply amend the lease or enter into a new lease that accurately reflects the modification.

As concerns the deposit, the parties can agree to allow the security deposit to be applied toward the purchase price in a lease with an option to purchase scenario. Or, the parties can agree that the deposit will not be credited toward the purchase price. The parties can also agree that the deposit is non-refundable and not applicable or credited to the purchase price, assuming the tenant/buyer exercises the purchase option. In short, the parties can agree to do a variety of things with the deposit.

The duties of the landlord are generally the same whether or not you have an option to purchase under the lease agreement. See chapter 83 of the Florida Statutes (available on-line) which sets forth the duties and responsibilities of residential (not commercial) landlords.

Seek the advice of counsel and good luck.

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Answered on 7/06/01, 12:05 pm


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