Assignment Of Contract
I am going to put a deposit on a house today. It is an assignment of contract, in Miami, FL. It is renter occupied, month to month. I dont know if I should wait on closing until they are out, or if I should have the current owner give them notice, to the end of Feb.
Please give any advise. I do not want to have to evict them if they do not leave when I take ownership. I want to get in, do minor updates, and sell for profit.
Thanks
FYI - If I have the owner giver them notice, then I would close asap and work on the exterior during the day.
I AGREE, SOME PEOPLE SAY "KEEP THEM, THEN YOU WILL HAVE THE INCOME"
BUT - IF I UPDATE THE INSIDE, YOU ALL KNOW THE RISK OF DAMAGING ALL THE NEW APPLIANCES, ETC, IS NOT WORTH THE INCOME... IF YOU FEEL DIFFERENTLY, ENLIGHTEN ME, I WOULD LOVE TO CONSIDER IT.
I JUST WANT TO CLOSE FAST IS ALL, BUT I DO NOT WANT TO TAKE THE RISK.
THANKS AGAIN
Keep the deposit! If there sincerely is NO mold, I would take them to small claims court. They have good information and credit to go after. It really irks me when deadbeats portray themselfs as legitimate renters.
I had one renter about 10 years ago, give me deposit and had me cancel remaining callers...2 wks later, out of the blue, she says the carpet smells...etc..etc. I kept the deposit and went after her for 1months rent, after i released the place. I actually got the judgement and collected from her bank account, all she got was a statement from the bank. The bank told me they had to give me all the money she had in the account, since
I would first try to use up the deposit on "cleaning and repairing" the unit, I would think that you are more likely to be able to keep it for those reasons than compensation for lost rent.[ Edited by rehab2day on Date 02/05/2007 ]
Keep all of the security deposit and respond to the tenant with a certified letter, that since the lease was terminated prior to the end of the lease term, the security deposit has been retained. Clean the unit up, and re-rent it.
In my lease:
>>
33. Mold. There are no federal or state requirements known to the Lessor at the time of this lease agreement that cover the presence of Mold or Mold-related substances in a property. The Lessor has taken all proper and reasonable precautions known at the time of this lease agreement to insure a mold-free environment, and the Lessor has no knowledge of Mold or Mold-related hazards in the property. Lessor has no reports or records pertaining to Mold or Mold-related hazards in the property. Additional information regarding Mold and Mold-related substances may be obtained from your county public health unit. Lessee agrees to indemnify and hold Lessor harmless from any and all liability for injury, death, property damage or other loss which may result from Mold or Mold-related substances. LESSEE INITIAL: ___________
<<
Thanks for your security deposit, it was nice doing business with you. Next?
MC
[addsig]