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Option to Buy Lease - Lease Owned by The City of Ft. Worth?

My spouse and I found a water front house on Lake Worth (Texas). The existing owner has paid $500 to transfer the option to our name. 1. If we are locked in a 25 year lease, can the City DEMAND us to PURCHASE the land before our Lease has ended? 2. We heard from the neighbors that the City is going to annex the neighborhood - are WE required to pay for costs of putting in water & sewer? Thank you! We have not closed - we only have a contract on the house w/an option (Waiting on house inspection). We are going to do the wise thing and consult and real estate attorney in the area.

Public Comments

1. (1) If the terms have a purchase by date or accelerated purchase clause, yes they can (2) Zoning would probably know best. Usually yes you would
2. Probably. It should of been made clear to you. So much mortgae fraud going on.... Do you have an attorney? In cases like this it really is a good idea to hire one to explain & cover your butt-gets very confusing. Have you closed?