Legal Question in Landlord & Tenant Law in Georgia

Lease purchase agreement

a home is advertised as a Lease/purchase. an applicant sought the owner and expressed an interest in purchasing the property upon loan approval. The candidate selected was qualified by my agent to lease and was also found to be in good standing for a future home loan. all other interested parties were disregarded, a lease was signed and this candidate took occupancy. midway through the lease the new leasee changed her mind without reason regarding the purchase. This is a brand new home owner must sell due to job relocation and the candidate knew this. does the owner/seller have any legal recourse?


Asked on 2/26/08, 2:05 pm

3 Answers from Attorneys
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Lease purchase agreement

You fail to mention the terms of your contract and how the tenant may have breached it. Many lease/purchase agreements allow the tenant to walk away, and perhaps lose a deposit or rent. Again, you do not provide the only information that counts.

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Answered on 2/26/08, 4:21 pm
Scott Riddle Law Office of Scott B. Riddle, LLC

Re: Lease purchase agreement

You fail to mention the terms of your contract and how the tenant may have breached it. Many lease/purchase agreements allow the tenant to walk away, and perhaps lose a deposit or rent. Again, you do not provide the only information that counts.

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Answered on 2/26/08, 4:21 pm
Glenn M. Lyon, Esq. MacGREGOR LYON, LLC, Business Attorneys

Re: Lease purchase agreement

Have the lease/purchase agreement reviewed by a local attorney to determine what legal recourse you may have. The duties of the tenant will be laid out in the contract and this will let you know your options regarding recovery.

If you would like to discuss any issues further, please feel free to contact my office. My contact information is below. Thank you.

The foregoing is general information only, not specific legal advice. No attorney/client relation has been created or should be implied.

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Answered on 2/26/08, 4:50 pm


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