At the end of the finance lease period, you will usually be given the option to extend the lease beyond the primary period or to return the asset. If you don't require an extension on the finance lease, the asset will normally be returned to be sold on.
Getting a Copy of the Contract Under TILA, the dealer is required to give the customer a copy of the contract to keep at the time the customer signs the retail installment sale contract whether you want to incur the debt on these terms.
Under New York law, a land contract does not have to be recorded. It is legal and enforceable as soon as you both signed it. If he does not comply and repair as per the land contract then you will have to bring him to court to obtain enforcement of the contract, and the repairs.