What is the name of your state?What is the name of your state? Nevada
I have a lease option to buy agreement, actually this is the second one for this landlord, anyway, I have agreed to pay $1,250.00 a month and the landlord is suppose to send me a check for $625.00 within the same month. I have paid my rent for April and did not get a check from the landlord and now I have paid my rent for May and have not received a check from the landlord. The lease agreement plainly states that anything that is not followed in the agreement will default to the old lease option agreement, which, lowers my buying price $100,000.00. Since he didn't pay the $625.00 for April, does this default the agreement? I don't want to say anything to him until I am sure.
Doreen
I have a lease option to buy agreement, actually this is the second one for this landlord, anyway, I have agreed to pay $1,250.00 a month and the landlord is suppose to send me a check for $625.00 within the same month. I have paid my rent for April and did not get a check from the landlord and now I have paid my rent for May and have not received a check from the landlord. The lease agreement plainly states that anything that is not followed in the agreement will default to the old lease option agreement, which, lowers my buying price $100,000.00. Since he didn't pay the $625.00 for April, does this default the agreement? I don't want to say anything to him until I am sure.
Doreen