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Old 01-23-2013, 06:25 AM
 
Location: MID ATLANTIC
7,616 posts, read 17,724,008 times
Reputation: 8117

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Last month, I ran across a customer with a 9K judgment from a former LL. He had a 2 year lease. 60 days into the lease the notice was posted to the door. He stopped paying rent and moved 3 months later, no notice, no nothing. The landlord made good on the mortgage, brought it current, cleaned up the home, eventually re-rented the property (after a clean up), and sued the renter. The judge awarded the landlord the entire two year lease, plus all expenses for clean up, as well as, "penalty" rent for the months the landlord had to borrow mortgage payments (landlord's loan expenses).

As much as we don't want to pay rent to a deadbeat, it's a credit contract, and the LL is due a remedy for noncompliance. If the property changes hands, then the tenant best be putting payment in an account, somewhere. This sense of entitlement to a free ride, just because someone else is getting one, has to stop somewhere.
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Old 01-23-2013, 07:07 AM
 
Location: Ocala, FL
3,123 posts, read 5,782,605 times
Reputation: 2644
SmartMoney,

Excellent post, good point !!
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Old 01-23-2013, 07:47 AM
 
Location: St Thomas, US Virgin Islands
24,671 posts, read 55,841,845 times
Reputation: 26444
Quote:
Originally Posted by tigger37708 View Post
I like the idea of a renter stopping payment to a deadbeat owner.
Remember the whole time the renter was paying rent the owner was pocketing the cash and not making their mortgage payment.
You couldn't be more wrong. What a landlord does with the rent money you pay him is none of your business. If the property is foreclosed upon you have very fair legal rights as far as your tenancy is concerned and you have absolutely no right to stop paying rent.
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