Landlord Question and Answer Forum

Forum / General Property Management / New tenants on a Lease Purchase want out
I just signed a lease on a home that I was trying to sell in PA with a couple who wanted to do a lease purchase. We signed the leason on Saturday. Today they called me and told me that they found mold in a corner somewhere. I did not know there was any mold in the house or I would have mentioned it or taken care of it prior. I told them that I would have a professional come out and do a mold inspection. And, technically, I do not even need to do that. The way the lease purchase contract has been set-up, I am not responsible for ANY maintenance or repairs. They were planning on buying the home, so any improvements made were only to their benefit. I am not really a landlord here. But, I would have paid for the mold thing just to be nice. But, they are now freaking out that their throats are scratchy and that they have moved everything back out. They want out of their lease. They paid me an option fee and their first month's rent so far. What should I do?
Kelly R, PA on Tuesday, August 17, 2010
RE: New tenants on a Lease Purchase want out
been there, done that. They found a better deal...let them out but keep the deposit that I HOPE your contract said was only refundable as a downpayment for the purchase. GET TEM OUT OF THERE! Their deposit will cover a month till you find a new person. MAKE THEM SIGN AN INSPECTION document, that they find nothing or xyz wrong and fix that one item. unhappy tenants make gray hair for landlords
Posted by cornelis v, CT on Thursday, August 19, 2010
RE: New tenants on a Lease Purchase want out
I'm sure by now you've figured out the solution. but... Keeping the deposit could create legal problems if they do have testing done and prove the mold was in fact toxic types. Granted it may be tough to prove but with the right amount of money on the table (I.E. the total cost of the home) there's a lawyer that would jump on it. And that doesn't mean it's not a real case of mold. They could have found a better deal but for right now they're tenants. This means it's your responsibility to remediate mold. They may have found a water leak or anything else that violates the "Truth in lending" or disclosure laws. Especially if they can find the previous tenants who attest to letting you or your repairman know there's mold. Even if he didn't communicate it to you, it's the landlords problem.
Posted by Paul F, CA on Wednesday, September 7, 2011
Documents related to this forum

Rent Receipt

Property Management Agreement (for Landlords)

Lease Renewal Agreement

Direct Deposit Billing Authorization

Highest Rated Discussions
Author: Jacob W, WI
Updated: 06/24/2019
Rating: Star0Star1Star2Star3Star4
Author: Harold P, MO
Updated: 12/15/2021
Rating: Star0Star1Star2Star3Star4
Author: Jared B, UT
Updated: 11/09/2015
Rating: Star0Star1Star2Star3Star4
Author: Troy D, WA
Updated: 12/09/2014
Rating: Star0Star1Star2Star3Star4
Author: Scott H, IA
Updated: 02/11/2012
Rating: Star0Star1Star2Star3Star4

The forum is completely free to anyone! If you wish to post a message, you must log in. If you are not registered already, Join today to create a free account!
Any comments and opinions that are expressed by the users of this forum are solely those of the authors, and have not been reviewed or approved by ezLandlordForms.

Satisfaction
Guaranteed

Money Back Guaranteed
Trusted by Over
300,000 Property
Managers, Realtors,
Attorneys, and Landlords
since 2006!
More Info

Recent Customers Answer "Why ezLandlordForms?"

Great Resources for Landlords
"Awesome, comprehensive service for Lanlords."
-Daisy Davis
Star1 Star2 Star3 Star4 Star5
Easy to use!
"This is for test."
-KarenShan
Star1 Star2 Star3 Star4
go digital
"would like to have the ability to email a copy to tenant."
-Gerard Gonzalez
Star1 Star2 Star3 Star4
Fast and easy to use!
"Step by step guide makes sure that you don't forget anything that may pertain to your property."
-Adrian Talamantes
Star1 Star2 Star3 Star4 Star5
easy to use
"never have had a issue making out my lease with the directions great"
-Marcia
Star1 Star2 Star3 Star4 Star5
Fantastic resource!!
"ezLandlordforms.com is a lifesaver!! I would recommend it anyone!!"
-Traci Kolheim
Star1 Star2 Star3 Star4 Star5

FEATURED ON

fox-business-logo CBS-Radio-logo MSNBC-logo CNN-Money-logo Wall-Street-Journal-logo
Copyright © 2006-2026, ezLandlord, Inc. All Rights Reserved. View our Privacy Policy, Terms & Conditions, and Affiliate Program