Quote:
| Originally Posted by myacookie I leased a home through a realator 1 year ago,The owner of the home wishes not to go through this realator to renew my lease,He said,"Why pay someone ",And told me I can continue to live here and just pay him every month.My question is,I put down a month and a half security totaling $1600.00,does he continue to hold that money even though he does not want to renew this contract through the realator?And what protection do I have if he decides to ask me to leave?
Concerned leaser |
If it's a security deposit and he holds it, using or not using a realtor has no bearing on the security deposit. He continues to hold it.
If you are month to month he can evict you upon one month's notice. That's the advantage of a lease - you have security. Keep in mind that if the lease turns into month to month the terms of the lease continue to apply unless changed in writing. For example, if the lease says no pets and you go to month to month the "no pets" clause is still applicable.
I don't know if you did or didn't sign any agreement with the realtor but if you DID and now you are going behind the realtor's back, you will still owe the realtor his commission. If the owner signed with the realtor and is now going against any agreement the two of them had, then you could get pulled in as a witness.
I think it's a decision only you can make.
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