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    kilbaraberry's Avatar
    kilbaraberry Posts: 5, Reputation: 1
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    #1

    Jul 1, 2008, 07:19 PM
    Land contract
    I'm in a land contract that states it's a month to month landlord tennent relation does that mean I give him 30 day notice to leave and that's it?I can no longer afford the payments here and have to move
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #2

    Jul 1, 2008, 07:22 PM
    Yes, in most, you will lose your down payment if you don't follow though with the contract, and the landlord would not be able to break the contract, if it is a real purchase agreement.
    But yes normally you should just be able to give a 30 day notice.

    In fact many sellers who do land contracts hope that you will, since many make their money re-selling the same property time and time again, keeping the down payment each time.
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #3

    Jul 1, 2008, 08:08 PM
    Quote Originally Posted by kilbaraberry
    im in a land contract that states its a month to month landlord tennent relation does that mean i give him 30 day notice to leave and thats it?I can no longer afford the payments here and have to move
    Just curious: how long was the tenancy to last before the tenancy became a sale? It sounds as though a 30 day notice is sufficient.
    kilbaraberry's Avatar
    kilbaraberry Posts: 5, Reputation: 1
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    #4

    Jul 2, 2008, 06:00 PM
    Actually its based on me being able to get financeing which I cant
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #5

    Jul 2, 2008, 06:15 PM
    Quote Originally Posted by kilbaraberry
    Actualy its based on me being able to get financeing which i cant
    It definitely sounds like a tenancy, with a 30 day notice. Is the landlord holding a security deposit? If so, just leave it clean.
    kilbaraberry's Avatar
    kilbaraberry Posts: 5, Reputation: 1
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    #6

    Jul 2, 2008, 06:27 PM
    It was 3000 (down payment)it hurts to lose it but if I stay ill lose more than I can afford
    George_1950's Avatar
    George_1950 Posts: 3,099, Reputation: 236
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    #7

    Jul 2, 2008, 08:59 PM
    Quote Originally Posted by kilbaraberry
    It was 3000 (down payment)it hurts to lose it but if I stay ill lose more than i can afford
    Ouch!
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