Greeneville, TN asked in Contracts, Tax Law and Landlord - Tenant for Tennessee

Q: Can a leasee in a rent to own agreement be made to pay property taxes?

2 Lawyer Answers

A: What does the contract say?

Anthony M. Avery
Anthony M. Avery
  • Landlord Tenant Lawyer
  • Knoxville, TN
  • Licensed in Tennessee

A: The Lessee usually does. Thank goodness you understand that you are not a titled owner of real property, only possess it with a Lease with Option to Purchase. Remember you are subject to a Detainer Warrant at almost any time, and the money you paid out will be gone. You are not building Equity. And if you exercise the Option, you may have to sue for Specific Performance.

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