North Carolina  |  Landlord & Tenant Law

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3/16/09, 4:22 pm

Legal Question

Lease with Option to Buy

I am a landlord of a lease with option to buy agreement. The tenant has told me he intends to file bankruptcy within the next 2 months and cannot obtain financing for the property within the terms of his lease. Can I terminate the lease based on his financial insolvency so that I can place the property on the market?


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