Sunday, August 22, 2010

Can i break a rental lease to buy a house by colo state law?

No, the lease is legally binding unless you can make an arrangement with your landlord to get out of the lease.Can i break a rental lease to buy a house by colo state law?
you may want to talk to the landlord and offer to pay for the news paper ad to get it rented out for them ...........ive done it and the landlord was very happyCan i break a rental lease to buy a house by colo state law?
I dont know Colorado's Real Estate law.....therefore its best to ask a lawyer or call one of your local Realtors. Having said that you can try either of these....(1) check your lease to see if it is OK to sub-lease the time you have left on your lease or (2) talk to your Landlord and ask if it is OK to buy out your lease, if so have him or her agree to the ';out'; price, have it in writing and then go to your Buying Agent and tell them that you will purchase a house only if the Seller will pay (as part of the Purchase Agreement) the agreed upon ';out'; amount to your present Landlord. That should take care of it for you if everyone agrees, your mortgage program allows it and if its legal it your state. Make those calls to the proper people ----------its the best way to get good help.

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