Saturday, April 25, 2015

In Pennsylvania, if I sign a residential lease with the option to purchase property at a later date, am I able to assign my rights to that l...

Question

In Pennsylvania, if I sign a residential lease with the option to purchase property at a later date, am I able to assign my rights to that lease/option to another possible tenant/buyer for a fee?



Answer

It depends on whether your option contract includes a clause allowing assignability



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