This blog is written to bring to your attention some often-problematic issues with selling/buying a house, specifically existing leases.
SOLAR AND SECURITY LEASES:
Did you realize there are leases that can create issues during the purchase and sale of a house? These can include the solar system leases, and less thought of, the security system leases. Pre-existing leases should always be disclosed in a property disclosure by the seller, and need to be dealt with in order to prevent delayed closings and even potentially failed transactions. When a lease exists, there are some options:
1- the seller can try to terminate the lease early and potentially pay any penalties involved, as well as have the system removed prior to closing, ideally prior to