Montana Lease Purchase Report

State:
Multi-State
Control #:
US-OG-641
Format:
Word; 
Rich Text
Instant download

Description

This oil, gas, and minerals document is a report form documenting information of sellers and purchasers that enter into a legally binding obligation to sell and purchase real property at the expiration of or during a lease term. In a lease purchase agreement, a party agrees to purchase a particular piece of real property within a certain timeframe, usually at a price determined beforehand.

How to fill out Lease Purchase Report?

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FAQ

Tenants may withhold rent or exercise the right to "repair and deduct" if a landlord fails to take care of important repairs, such as a broken heater.

Early termination by tenant If the tenant wishes to terminate the lease early, they have to give a notice period of month to month, 30 days; week to week, 7 days. For more information on Montana Landlord Tenant laws please visit their website here.

Tell your landlord in the notice that if the problem isn't fixed within 14 days, this is your written notice that you will terminate your lease in 30 days. If you need emergency repairs you can give your landlord 3 working days to fix the problem (instead of 14 days).

Montana tenant rights & responsibilities Living in a habitable rental that meets local health and safety codes. Having repairs made in 14 days after giving the landlord written notice of the issue. Taking legal action like suing the landlord for failure to make repairs or not complying with security deposit regulations.

In Montana, a landlord has the obligation to ?make repairs and do whatever is necessary to put and keep the premises in a fit and habitable condition? [70-24-303 (1)(b)]. A landlord cannot legally require the tenants to do or pay for the cleanup after the flooding, since the tenants didn't cause the flooding.

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Montana Lease Purchase Report