My question involves real estate located in the State of: NC
Own a single family home in NC. Love the house. Dislike the city.
Currently renting it out.
No desire to permanently live in that city again, but if/when a promotion comes along we may HAVE to. If that should be the case, we'd wabt to live in this house. (Making the city a bit more bearable.)
Is there a way for us to either sell the house to the current tenants (who want to purchase it) with some sort of stipulation that we can rent back from them for (3?) years if we need to?
Alternatively, could we do an agreement that when we do sell the house, it will be to them, and also account for their future rent payments in the sale of the house to them? (Prevents them from feeling like they're throwing rent money away.
Thanks for any input!
Own a single family home in NC. Love the house. Dislike the city.
Currently renting it out.
No desire to permanently live in that city again, but if/when a promotion comes along we may HAVE to. If that should be the case, we'd wabt to live in this house. (Making the city a bit more bearable.)
Is there a way for us to either sell the house to the current tenants (who want to purchase it) with some sort of stipulation that we can rent back from them for (3?) years if we need to?
Alternatively, could we do an agreement that when we do sell the house, it will be to them, and also account for their future rent payments in the sale of the house to them? (Prevents them from feeling like they're throwing rent money away.
Thanks for any input!
Purchase Contracts: Promise to Sell to Current Tenant, Just Not Right Now
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