RentToOwn-HouseFinder.com
if i have a lease with the option to buy a house does that trump the medicare 5-year look back?
So if my landlord needs to go into an assisted living facility and they start tallying up assets, does that void my option to buy or do i still get to exercise that right? And do I still get to buy even if the price is lower than the market price?
Public Comments
- It’s Medicaid not Medicare that pays for long term nursing home care, and yes the state Medicaid statute trumps your lease option contract, now you can still buy it but it will be at FMV and you will probably have to exercise the right to buy it within a few months of the person passing if you cannot then the state can force the sell at FMV to another third person
