Legal Question in Real Estate Law in Georgia
Behind on a Lease Purchase
The Renter has not paid since 01/07 and it was half months rent. Continues to break all verbal agreements to repay. Wants to make a partial payment next week. Cannot carry the mortgage any longer. Can I let it go back to the bank even if he makes a partial payment that would not bring him current?
Asked on 3/16/07, 2:00 pm
1 Answer from Attorneys
Charles W. Field
Charles W. Field, Attorney at Law
Re: Behind on a Lease Purchase
Yes, you can let it go back to the bank. However, there may other ways, e.g., eviction, to salvage the situation. Consult with a local attorney.
Answered on 3/19/07, 2:53 pm