Updated over 6 years ago on . Most recent reply
Bond For Deed Termination
I have a property in Louisiana that I did a "Bond For Deed" with the current tenants.
They are currently going through a divorce and have both moved out of the property.
Are there any rights they have to remain in the property while this divorce is going on?
They are behind on rent and the agreement states that I can evict after non-payment. I have contacted an attorney to start the eviction process. I was told I need to give them 45 days before starting the eviction process because of the Bond For Deed. The 45 days starts the cancellation of the Bond process and gives them time to settle up the money due.
Has anyone ever had to deal with this situation? I tried to work with the couple to come to an agreement but its been difficult and I've lost patience.
Most Popular Reply
They are not tenants and your remedy for a "BFD gone wrong" is not an eviction.
This is not legal advice, but if I were in the same situation, I would seek a "mutual agreement to cancel" the BFD. Ask your attorney how that's done.