Legal Question in Landlord & Tenant Law in North Carolina

Lease with Option to Buy

I am a landlord of a lease with option to buy agreement. The tenant has told me he intends to file bankruptcy within the next 2 months and cannot obtain financing for the property within the terms of his lease. Can I terminate the lease based on his financial insolvency so that I can place the property on the market?


Asked on 3/16/09, 4:22 pm

1 Answer from Attorneys
Alan Wagner Wagner, McLaughlin & Whittemore P.A.

Re: Lease with Option to Buy

You can put it on the market, just make sure that the option to buy contingency is disclosed. If transferable, the renter could find someone to exercise the option.

Read more
Answered on 3/16/09, 4:30 pm


Related Questions & Answers

More Landlord & Tenants questions and answers in North Carolina