Invite a friend

Know someone who might be interested in joining BiggerPockets?

Why not invite a friend or import your contacts.

Show All

Popular Tags

bulk bulk-reo cash cash-flow cashflow commercial deal financing florida foreclosure funding hard-money investing investment investor investors loan marketing mentor multifamily newbie notes private-money real-estate rehab rental reo short-sale wholesale wholesaling

Stats

263,556 posts in 44,408 topics, across 307 forums.

We have 56,577 registered members and our newest user is strit.

466 users have been online in the past 24 hours, and 84 are online right now.

Forums » Rental Property Questions & Landlording Issues » Can I cancel rental agreement if...

Can I cancel rental agreement if... Subscribe to Can I cancel rental agreement if... 14 posts by 6 users

Signup

kotkoda

    Member since Jul '10
No_avatar_forum_avatar

5 Posts

34 Influence

Can I cancel rental agreement if I haven't received any money yet (deposit, rent) or is it effective no matter if i received money or not??

I am landlord...changing my mind about someone I am renting a room to in my house.

Sponsors:

Jon H.

Real Estate Investor  Denver, Colorado  Member since Jan '08
Self_photo__forum_avatar
ModeratorPro

8932 Posts

42898 Influence

13 awards

Do you have a signed lease? If you do, why did you sign a lease without getting money?

kotkoda

    Member since Jul '10
No_avatar_forum_avatar

5 Posts

34 Influence

Yes we do have a signed lease.

We are stupid that's why...she didn't have money with her... and she said she would pay the deposit within 2 weeks (it is for a room avail. Sep 1).

Originally posted by Jon Holdman
Do you have a signed lease? If you do, why did you sign a lease without getting money?


Jon H.

Real Estate Investor  Denver, Colorado  Member since Jan '08
Self_photo__forum_avatar
ModeratorPro

8932 Posts

42898 Influence

13 awards

Didn't mean to sound rude. I realize it came off like that. I though there might be some circumstances behind the lack of a payment. It would be a good question for your lawyer. In some areas, if no money has changed hands, you don't really have a valid contract. You could try just saying "We need the money right away or else we're going to rent the room to someone else." Are you sure she's really planning to move in? Did you get an application? Anything in her application that doesn't meet your criteria.

Michael S.

Residential Real Estate Agent  CAMDEN , New Jersey  Member since Jun '10
Kaighn-228-232-122205-1_forum_avatar

74 Posts

625 Influence

3 awards

if you have written in lease a dollar amount and she has not paid that amount then that lease is not IMO binding...there is a real estate term for that i cant remember, but in other words if she has no receipt then lease is not ineffect

did she move in? if not close blinds and park cars around corner. if she moved in change locks and close blinds

kotkoda

    Member since Jul '10
No_avatar_forum_avatar

5 Posts

34 Influence

No no you were not rude. I really mean I was stupid. The problem is ... that I wrote ON (amended) the contract that "Deposit will be paid within two weeks" in the amount of $XXX.

No no she did not move in (the room is not available until Sept 1).

MBCrosby

  Temple, Texas  Member since Apr '10
26387_608274506279_42804051_34627298_8158431_n_forum_avatar

142 Posts

1282 Influence

2 awards

if you both signed the amended and she has not provided yet and that date has passed then it sounds like you have a leg to stand on and can start looking for other renters, without knowing what state your in or what all of your paperwork looks like it is kind of hard to speculate.

kotkoda

    Member since Jul '10
No_avatar_forum_avatar

5 Posts

34 Influence

NO the date has NOT passed.

Bryan H.

Real Estate Investor  Austin, Texas  Member since May '10
Bryan_linkedin__2__forum_avatar
Pro

1054 Posts

24218 Influence

19 awards

What state are you in?

I am not an attorney, but I would think that the mutual promise on the tenant's side is part of the consideration for the contract and thus it is not valid if they haven't performed as was agreed.

The reality of the situation if they are not occupying the property is that you can just lease it to someone else. If they have a key just re-key the thing. What are they going to do...sue you?

Bryan H.

Real Estate Investor  Austin, Texas  Member since May '10
Bryan_linkedin__2__forum_avatar
Pro

1054 Posts

24218 Influence

19 awards

Originally posted by kotkoda
NO the date has NOT passed.


Agreed...my comments are for if the date does pass....which I am assuming will be the case and that is why the question was raised.

kotkoda

    Member since Jul '10
No_avatar_forum_avatar

5 Posts

34 Influence

No the reason is not that. We are just having second thoughts about her as a 'roommate'.



Agreed...my comments are for if the date does pass....which I am assuming will be the case and that is why the question was raised.


Bryan H.

Real Estate Investor  Austin, Texas  Member since May '10
Bryan_linkedin__2__forum_avatar
Pro

1054 Posts

24218 Influence

19 awards

If she performs on the contract I think you may be stuck. Did she give you the money yet?

Offer...acceptance...consideration...seems legally binding to me. Perhaps you can give her some money to break the contract.

What is the whole story?

Charles P.

Accountant  Seattle, Washington  Member since Apr '10
Image2_forum_avatar
Donor

1134 Posts

28883 Influence

17 awards

A contract of any kind requires an offer, acceptance and consideration. If anyone of these pieces is missing then no contract exists.

It might be argued that you created a unilateral contract that if your tenant performs by the date specified a contract will come into existence.

In your case I still see no consideration given for the promise of having the apartment available in two weeks.

I don't know your state and I'm certainly not a lawyer. I do though have some understanding of contractual law which can vary greatly between states depending on state precedents and state statutes.

Jon H.

Real Estate Investor  Denver, Colorado  Member since Jan '08
Self_photo__forum_avatar
ModeratorPro

8932 Posts

42898 Influence

13 awards

Really the best thing to do is to call a lawyer. This is probably a 15 minute discussion. If they require a minimum of an hour or something, pay it, then you have some time for questions later. Having an answer that will hold up in court will give you peace of mind.

   

Signup