lease w/purchase option to assignment

Does your contract say "this contract cannot be assigned" anywhere?

Karen

It states"Tenant may not assign this lease or sublet the property without landlords written consent."
Should i just offer to buy it at the agreed price and lock up a deal with the neighbor to fund the purchase from my landlord?
Thanks,
Greg

You really need to have your bio filled out. I have no idea where you are located. Things like that can make a BIG difference in advice.

Karen

That clause is probably in the Lease Agreement. Do you have a separate Option to Purchase Agreement?

To answer your first question, im in Corpus Christi, TX. The house was on the market for several months and the owner had gone through a lengthy divorce. He was asking $335,000 without a lease option. I met with his realtor several times and got him to agree to lease the home with a purchase agreement and purchase price of $285,000.
There is not another contract, but I have developed a good relationship with the owner. He gave me a great referral to my new landlord in Florida (where im moving in mid June, 2013). What are your thoughts?
Greg

Very important knowing that you are in TX! TX and NC are the two states in the country where L/Os are very ... picky.

What you have for a L/O "agreement" is probably not "legal" in TX if it were challenged in any way. I know, because I have studied them for there and have contracts that are legal in TX.

So, do you have an agreement of any kind, in writing, for a purchase agreement?

Ck your PM

Im not sure what my PM is?

It will say at the top of the page "you have a private message" Click on there
It will take you to your messages. Click on the one from me. On the msg. Not the name