I am entering a rent to own agreement on a duplex with my landlord, when I put down the initial down payment can the owners rent out the other unit and collect rent from that tenant?
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I am entering a rent to own agreement on a duplex with my landlord, when I put down the initial down payment can the owners rent out the other unit and collect rent from that tenant?
I am considering buying rent to own a duplex. I live have lived in one unit for a year. The owner wants to sell and has given me the option to buy. The other unit is empty. Can I rent it out if I take over the responsibility of the property?
Asked on June 13, 2017 under Real Estate Law, Ohio
Answers:
SJZ, Member, New York Bar / FreeAdvice Contributing Attorney
Answered 6 years ago | Contributor
It depends on what the agreement says. If you are paying rent under the rent-to-own agreement for the whole duplex and have the right to use, occupy, etc. the whole duplex, you can rent (or more propertly, sublease or subrent) out the other unit. If the rent-to-own agreement only gives you possession of your unit until you make the last payment and title transfers to you, then you can't rent the other unit out--you will have no rights to it in this scenario until you get title over the duplex. You have to review the proposed agreement to see what rights it gives you over the vacant unit in the meantime.
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