The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Owning Rental Property


Subject:  Re: should I sue and when Date:  10/21/2012  5:57 PM
Author:  Dwdonhoff Number:  4663 of 5798

The kicker is there is no "lease termination without penalty" provision in my lease. (I live in Nevada and NV is one of the most friendly landlord states there is.)
The security deposit can be used to cover "Tenants' default in the payment of rent, . . ."

A) have a chat with your r/e attorney regarding,
B) hold onto the deposit as a "offset" of pending missed rents/damages, until such time as all appropriate accounting can be completed.

I'd be reluctant to go the the media about anything until all the dust has settled. Signing a year's lease, and then leaving, is not in & of itself wrongful *UNLESS* the contractual treatments for damages are abused. In other words; any verbal promises or implications are secondary to teh terms agreed to in writing in the contract.

Copyright 1996-2019 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us