Legal Question in Real Estate Law in Massachusetts
Rental Agreement with an Option to Buy
I am considering signing a rental agreement incorporating a lease to buy option on the home I currently rent. The new rental agreement is for a term of 5 years at the end of which, the option to buy expires. It raises my rent and allocates a portion towards a down payment. Assuming there are no changes to the agreement aside from the length of the lease and rental amount, how does this change the landlord/tenant relationship? Do I assume more responsibilities for upkeep and maintenance than I had before the option? Is my landlord responsible for less than he was?
2 Answers from Attorneys
Re: Rental Agreement with an Option to Buy
You assume nothing, and have an attorney review the agreement.
Re: Rental Agreement with an Option to Buy
It should not change the relationship at all.