Legal Question in Real Estate Law in Pennsylvania

rent to own real estate
We had a renter in a rent to own agreement with us. He made improvements to the property on his own. There was a fire and we held the insurance. The check is here and he wants the property and a portion of cash to rebuild. Does he have a legal basis for this? We did not tell him or ask him to improve the property. He has paid us 11,000 on a 40,000 price. Essentially we'd be giving him the property which has equity and also cash??? We have offered to give him the properties but no any rebuilding cash. We feel we are recognizing his investment by forgiving the other 30,000 he owes us. Please help!

Asked on 3/07/09, 11:41 am

John Davidson Law Office of John A. Davidson

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Re: rent to own real estate

Does the lease cover what happens if there is a fire? What does it say about fixtures; renter's insurance?

Without know what was in the agreement its hard to say what should happen. Further what caused the fire?

As you can see I would need a lot of questions answered before I could give an intelligent answer let alone one that addresses any legal question.

If you want feel free to contact me. The initial consultation is free.

{John}

Answered on 3/08/09, 1:52 pm

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