Legal Question in Real Estate Law in Texas
I am trying to find a form for residential lease agreement with option to purchase. However, TEXAS is not one of the options when it ask to select your state. Can you help?
Asked on 6/23/10, 7:24 am
1 Answer from Attorneys
Cheryl Rivera Smith
The Smith Law Firm
The reason is that Texas has essentially outlawed lease-purchase agreements. When a tenant wants to purchase, they should have 2 separate transactions. A lease and a purchase. Each should be addressed under separate agreements.
Answered on 6/24/10, 5:15 am