My question here is… when you create a lease/option with a seller and then sublease that contract and option to a tenant-buyer, who is responsible for paying the property taxes, insurance,etc.?
I am going to assume the seller, for the fact that he still owns title to property has the right for the tax right off .
The Original Owner is still responsible for the taxes and insurance.
With a Lease Option, the title of the property will not transfer until the purchase takes place.
I hope this helps.
Jennifer