I am living in this house that is a rent-to-own home. I am paying $600 a month, $100 of it goes to Renter's Insurance. It is pretty much a junky house, but I thought it had potential to be a really nice home. Since I moved in back in June, we have had to call the owner and have them send Epperson out to fix our furnace. The owner said he was going to replace the entire unit several months ago. Now he says he doesn't have the money. Just a few weeks ago, my heat went out, and if I turned on the air, the unit completely froze up with ice. As Epperson was fixing this, my furnace caught on fire. He was able to put it out quickly, but said it was dangerous, and needed to be replace, but it was fixed up for the time being. We have tried calling the owner, but we are unable to get ahold of him.
My two questions are: "Is the owner still responsible for things like this?"
And "If we have heat that works part time, are we still required to pay rent, and is he obligated to fix it?"
2006-11-02 12:07:11 · 11 answers · asked by Baby girl born on 8/29/08!!!!!!! 4 in Business & Finance ➔ Renting & Real Estate
I live in Burnside, Kentucky. The papers say that $25 is taxes and $75 is for insurance. It is not a land contract-he said this way if he needed to evict us, then he would go with eviction proceedings, instead of taking us to court. It is a rent-to-own...my understanding of this, is we rent this house until we make the last payment, which would be rougly 25 years from now.
2006-11-02 12:31:10 · update #1
Yes the owner is responsible for the furnace. Why do you pay so much for renter's insurance?
2006-11-02 12:10:08 · answer #1 · answered by Anonymous · 1⤊ 0⤋
2
2016-07-20 10:05:34 · answer #2 · answered by ? 3 · 0⤊ 0⤋
Understand that you are still a Renter. So therefore the person that you have entered into agreement with is still the Landlord. He is most definitely responsible for the furnace. But you are still required to pay the rent as long as you continue to live there.
My advice to you would be to write a certified letter to the Owner and let them know that if they don't fix the furnace, you will deduct the entire amount from the equal amount of rent and buy it and have it installed yourself. Make sure that you document your complaints via e-mail, letter, etc., so if it comes to you deciding that you no longer want the place and need to go to court over the matter, you will be well documented.
It's important that you settle this before you get to the "own" stage. Obviously, you will be on your own then.
Hope this helps.
2006-11-02 12:21:57 · answer #3 · answered by Charlotte C 3 · 0⤊ 0⤋
Your question doesn't make sense.
$100 a month toward renter's insurance? That's simply insane. You can get a year of renter's insurance for less than $200.
Are you buying it on a land contract?
Are you leasing with an option to buy?
If so, you are responsible for the maintenance.
*******Added after you posted more information.... These people posting here simply don't know what they are talking about. The law varies from state to state. I've been a landlord in both Maryland and North Carolina. In these states, renting with an option to buy puts the tenant in charge of the maintence.
I suspect $25 is for insurance and $75 for taxes, not the way you posted.
You should contact your state's Attorney General's office of consumer affairs to clearify Kentucky law regarding your situation.
http://ag.ky.gov/consumer/
2006-11-02 12:18:08 · answer #4 · answered by Yak Rider 4 · 0⤊ 0⤋
Rent To Own Homes - http://RentToOwnHome.uzaev.com/?jjVK
2016-07-11 21:08:36 · answer #5 · answered by ? 3 · 0⤊ 0⤋
You need to put the owner on written notice about the problems, especially with Winter coming. Suggest that you fix and deduct from rent is the only way you can endure the Winter, which is probably true.
If no luck with this, you can try him in small claims court, file and serve him to appear, judge will tell him what he has to do. Other option, do not pay him for 2 months to get your deposit back and move. He cannot report credit on this unless he is a bureau member and decent sized company, which it sounds like he is not.
2006-11-02 12:15:59 · answer #6 · answered by The Advocate 4 · 1⤊ 0⤋
Under the landlord tenant act and if you have a signed lease agreement as part of your rent to own contracts the lease part of your agreements under the landlord tenant act will most likely require that the place be safe and habitable with the responsibility of such facts being that of the landlord unless your state provides for such facts on liability to be subordinated to the renter. I would give you your state's links so you could check but I dont know what stae you're in.
Buena Suerte
2006-11-02 12:13:17 · answer #7 · answered by newmexicorealestateforms 6 · 1⤊ 0⤋
as long as you are still renting, the landowner is still has to fix things. If I where you I would not buy this house. it sounds like to much is wrong with it. you may have a fire and lose everything. don't buy it. get out as soon as possible.
2006-11-02 12:10:48 · answer #8 · answered by lover of Jehovah and Jesus 7 · 0⤊ 0⤋
Check the laws for tenant rights
2006-11-02 12:09:00 · answer #9 · answered by Luckys Charm 4 · 1⤊ 0⤋
What state do you live in?
2006-11-02 12:09:47 · answer #10 · answered by Automation Wizard 6 · 0⤊ 1⤋