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I don't like that the Land Lord was collecting Rent and pocketing it rather than paying the Mortgage.
Personally I like that the Renters stopped paying Rent.
After all Deadbeat Home owners get to live in their homes payment free for 1 to 2 years while the banks drag their feet about foreclosing.
I don't like that the Land Lord was collecting Rent and pocketing it rather than paying the Mortgage.
Personally I like that the Renters stopped paying Rent.
After all Deadbeat Home owners get to live in their homes payment free for 1 to 2 years while the banks drag their feet about foreclosing.
That's all well and good but the renters would most likely lose in court and have to pay.
There is wording to prevent that. In order to qualify for the protection, it has to be an arm's length lease (meaning not to family or friends) and has to be for market rate. There is some flexibility in the definition of "market rate", but it has to be in the general ballpark. I don't think there is a limit on lease length though.
Makes sense - I had a suspicion it was there, but didn't want to have to dig through the large thomas.loc.gov page to find it =)
I don't like that the Land Lord was collecting Rent and pocketing it rather than paying the Mortgage.
Personally I like that the Renters stopped paying Rent.
After all Deadbeat Home owners get to live in their homes payment free for 1 to 2 years while the banks drag their feet about foreclosing.
As said, contractually, they owe the rent, and not paying may lead to bigger problems. Also, we don't know the landlords situation. Given they didn't keep up the mortgage, they may have had other financial issues where the rent went towards other expenses with none left over for mortgage. Or they may just have squandered it. We don't know.
She could take you to court and would likely win. You had an agreement to pay rent. You lived in the house. Why exactly do you think you are entitled to live rent free?
Honestly you are lucky she never evicted you and messed with your credit and ability to rent again.
I agree.
Also one could have set up an escrow account and paid rent into it to at least show one is not a dead beat and/or looking to take advantage of the situation.
You just decided to quit paying rent, now you want to call the shots. Move already, she is better off. I hope she sues you for all of it.
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