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The tenant/buyer is responsible for securing the necessary mortgage loan to finalize the purchase of the home. Should the tenant/buyer be unable to purchase the house due to a lack of financing, the tenant and landlord can agree to extend the option period, convert the lease purchase contract into a traditional rental agreement, or end the ...
A rental agreement is a contract of rental, usually written, between the owner of a property and a renter who desires to have temporary possession of the property; it is distinguished from a lease, which is more typically for a fixed term. [1]
The Uniform Residential Landlord and Tenant Act, also known as URLTA, is a sample law governing residential landlord and tenant interactions, created in 1972 by the National Conference of Commissioners on Uniform State Laws in the United States. Many states have adopted all or part of this Act. [1]
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This unit created and maintains several consumer handbooks and guides, including California Tenants: A Guide to Residential Tenants’ and Landlords’ Rights and Responsibilities; The Small Claims Court: A Guide to Its Practical Use; and more than 30 consumer-oriented legal guides. The Administrative Unit provides in-house counsel to the ...
How long will tenants have to repay COVID-19 rent debts? Under the new rules, tenants will have until Aug. 1 to pay back rent accumulated between March 1, 2020, and Sept. 30, 2021. They will have ...