I've read there are differences to eviction based on the type of lease/purchase, so if more information is needed please comment.
- Tenant pays a lease payment each month that includes a monthly rent amount, an amount that is 1/12 the yearly taxes, and an amount that goes toward the eventual down payment
- Tenant is responsible for all repairs and maintenance to the home during their tenancy.
- While it is phrased as an "option" to purchase in a lease attachment, the purchase is required (they cannot choose not to purchase at any point or it will breach* the contract)
- The tenant is required to improve their credit within 2 years in order to be able to qualify for a mortgage to purchase the home. If they are unable to qualify for one, the contract will be breached.
- Tenant is required to go through only one credit improvement program. Said program is run by the landlord's partner.
- Tenant is required to provide parts of the eventual down payment prior to move-in, one year later, and a smaller amount every month for 18 months.
*For any breach, tenant loses all monies put down on the home, including any repairs or improvements made during their tenancy.
If the tenant is suddenly unable to pay their monthly lease payment, how would an eviction be accomplished? Is a normal 5 day pay or quit, then eviction notice, sufficient?