Legal Question in Real Estate Law in Pennsylvania
rent to own a home
Grandmother is selling me her house and 2 acres of land with a 2 car garage. I will be renting it to own.She will be living there with me.What part of exspences do i have to pay for? like property taxes, new roof, new heating system ? electric, phone, garbage i think should be 1/2....also what would happen if she would die, say a year after we were into this.do i have to come up with the balance of the money right then and there? this is all family but very jealous type people. thank you
1 Answer from Attorneys
Re: rent to own a home
Even if your family were not jealous, all of the details that you ask about should be discussed by you and your grandmother, and should be spelled out in a written agreement between you.
You should consult a real estate attorney to assist you in writing such an agreement and to also advise you about other issues you should include.
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