Lease Option Question

If I have a house and do a L/O with a buyer/Tenant, then who is responsible for the taxes and insurance? I’m sure this is a dumb question I’ve just never seen it anywhere.

Thanks
Matt

Matt, typically the homeowner is responsible for taxes and insurance since their name remains on the title. Keep in mind, however, that most mortgage payments are PITI. So if the tenant/buyers are paying a rent that covers the homeowner’s monthly payment, I guess we can say the t/b is paying the taxes and insurance.