Landlord/tenant -- Psualum Forum

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Subject: Landlord/tenant

Author:
Heaves

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Date Posted: 02:30:37 05/09/12 Wed

My L/T law is a bit rusty but I'm still trying to gauge the risk of the transaction I mentioned the other day. Question: if we have a 3-year lease (rent to own) and he decides to walk away after a year, what are our legal options? Sure, we get to keep all the monies but that is more or less to compensate for him not buying the property...I'm not sure the law will see the difference. I believe the landlord has a duty to mitigate damages and perhaps the best we could hope for without going to court is probably 2 months rent. Of course, this is just the nature of the beast when it comes to renting. Joo takes the same risks when he rents. The only difference is that it's difficult for us to get back to the states to handle on a personal level and file a claim.

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