Hi everyone, a house we are prepared to put an offer on has a solar panel setup. It was a lease with SolarCity, however the lease is fully paid off. I have read around here about the perils of buying a house with a lease, and to either make sure that the lease is fully paid, or to reduce the selling price of the house to compensate.
Is there anything specific I should be aware of by buying this house with a fully paid lease? I believe we will still have to sign paperwork with SolarCity, but not owe them any payments. What about warranties? Are they transferable? (inverter, etc). The system was installed in 2012. The owners considered bringing it with them (?) but decided to leave it behind.
Is there anything specific I should be aware of by buying this house with a fully paid lease? I believe we will still have to sign paperwork with SolarCity, but not owe them any payments. What about warranties? Are they transferable? (inverter, etc). The system was installed in 2012. The owners considered bringing it with them (?) but decided to leave it behind.
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