Hot Water Heater Rentals

We just had our Hot Water Heater (rental) replaced. After the installation I read the back:(. Apparently if we ever want to change companies or buy our own we will have to buy out the hot water heater from the company at a prorated cost depending on age. If you are buying a property and don't want the hot water heater in the property then be careful in your agreement of Purchase and Sale that you are not agreeing to assume the contract from the Seller. This will cost you extra $ when you change it. If you don't assume the rental then the seller will have to remove the hot water heater. Of course upon taking possession you will have to arrange for the new heater to be installed if you want hot water. Count your pennies and the dollars will take care of themselves:)