There is some great discussions in this forum regarding Lease Options and I have read quite a few threads on different topics but cannot seem to find any information on this matter: When sandwich lease optioning who is responsible for home repairs such as a bad roof, blown furnace (or even just a failed furnace), foundation repair, broken pipes, etc. I understand the current owner is responsible for taxes and insurance, but taking on the big ticket items is something different. Everything is negotiable but I'd like to know if there is a general practice here. Thanks!
-Tom
There is some great discussions in this forum regarding Lease Options and I have read quite a few threads on different topics but cannot seem to find any information on this matter: When sandwich lease optioning who is responsible for home repairs such as a bad roof, blown furnace (or even just a failed furnace), foundation repair, broken pipes, etc. I understand the current owner is responsible for taxes and insurance, but taking on the big ticket items is something different. Everything is negotiable but I'd like to know if there is a general practice here. Thanks!
-Tom