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Sounds like he is stringing you along.
Go to a real estate agent and have them help you find a true ‘lease with option to buy’ property, because then everything will be in writing.
Please don’t put any money into the house you are currently living in. The landlord doesn’t sound trustworthy, and I’m afraid you’d be out all your money.
Remember the old saying: A verbal contract isn’t worth the paper it’s printed on!
Good luck to you.
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Tell him that to either come up with a contract or you and your wife will leave. Surely your not in love with the house and you could find something better. 5 years is way too long to be waiting for a contract you need to tell him or he will keep coming upp with excuses.
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Wow, this guy is taking you for a ride. I would suggest that you find somewhere else to live, or talk to a lawyer about what your rights are.
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Did you have a lawyer involved when you set up the lease purchase deal? If not then there is no such deal and you have just paid rent on a fixer upper for 5 years and will never get a deed to the place. As previously suggested, go to a Realtor and start looking to purchase. You are already 5 years behind schedule.
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You are being scammed. You should have had a contract prior to moving in. Look into Squatter’s Rights. Otherwise you have Squat to stand on. You should at least had a contract stating rent to own, but with out it you are there at his whim. Regardless, i hope you had the foresight to keep all receipts of not only payments to the landlord, but also the utility bill receipts showing you in fact have been the residents of that domain for as long as you claim.
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He may have changed his mind.
Real Estate http://www.tomvoli.com/category/real-estate/
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