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>It’s far more common for home sellers to transfer the lease to the buyer—Sunrun says 94 percent of customers do this—or to prepay the lease and leave the hardw
by wccrawford 8y ago
>It’s far more common for home sellers to transfer the lease to the buyer—Sunrun says 94 percent of customers do this—or to prepay the lease and leave the hardware on the roof for the next owner to use. I’ve been kicking myself ever since I learned about this latter option. It would have saved the estate around $12,000 and allowed us to support solar and get “free” electricity, even as Sunrun remained responsible for maintenance and repairs.
I'm not surprised Sunrun chose not to tell them about that option as it seems like a losing situation for them. They claim that Sunrun would have been covered, but that merely means they fail to lose money. They stood to make money on that system, and no sane solar panel buyer is going to have heavily used panels put in.
>Aided by a local attorney and my father-in-law, a retired contract attorney, I drafted a letter to Jug’s trust accusing the listing agents of failing to deliver title to the property free of any third-party claims as the agents had said they could. I threatened legal action. It was a last-ditch effort that none of us expected to work. Then it did.
I'm not surprised this worked. Their whole job is to present the actual situation during the sale and they failed at it. There are probably a lot of legal issues with what they did and I bet the agent was quaking in their boots at the thought of that going to trial.
- sthu11182 8y agoregarding the legal action: based on my recollection from real estate class in law school, failing to provide a free and clear title on a general warranty deed is a pretty straight forward victory. if i remember anything from that class, always get a general warranty deed (ie a deed with all the covenants) when buying a house.
- toomuchtodo 8y agoYour class was correct (I just had to go through this very scenario this week, albeit not for solar, with a local title company transferring some property). Never take action that is going to jeopardize free and clear title on your real estate.
- zaroth 8y agoI’ve never seen anything but a quitclaim deed offered at closing. The P&S stipulate the deed is clear, but the buyer runs the title search. If you find something (like TPO panels) attached, there’s a “make right” clause which usually has a maximum amount paid of 1% after which the seller can walk away. If you want protection for anything after the sale, you buy owners title insurance.