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Started By
Message
I have a question about a tenant/landlord situation
Posted on 8/30/18 at 8:15 pm
Posted on 8/30/18 at 8:15 pm
I will try to make this brief.
I rented a townhome 6 years ago which had gone to month to month after the first year. This year the landlord said he wanted to sell. He agreed to sell it to me as-is for a under market value because there was wear and tear that needed to be done from us living here for years. There was a $1000 security deposit for the rental contract.
I buy the unit "as-is" at the agreed upon price. I message him about the prorated rent due back to me as well as a refund from the security deposit since I took on all the repairs needed.
He writes back that they are not refunding the $1k because that was factored into the price because of the repairs they would have had to do.
There was never mention of this sale price including forfeiting the security deposit and I kept the two legal agreements separate for that reason.
Am I in the right to expect that security deposit back?
I rented a townhome 6 years ago which had gone to month to month after the first year. This year the landlord said he wanted to sell. He agreed to sell it to me as-is for a under market value because there was wear and tear that needed to be done from us living here for years. There was a $1000 security deposit for the rental contract.
I buy the unit "as-is" at the agreed upon price. I message him about the prorated rent due back to me as well as a refund from the security deposit since I took on all the repairs needed.
He writes back that they are not refunding the $1k because that was factored into the price because of the repairs they would have had to do.
There was never mention of this sale price including forfeiting the security deposit and I kept the two legal agreements separate for that reason.
Am I in the right to expect that security deposit back?
This post was edited on 8/30/18 at 8:16 pm
18
Posted on 8/30/18 at 8:17 pm to flyAU
InB4 trashy
Posted on 8/30/18 at 8:20 pm to flyAU
quote:
Am I in the right to expect that security deposit back?
Of course, unless they have something in the purchase agreement. I'd love to hear the person explain how they deserve that money with a straight face.
Posted on 8/30/18 at 8:20 pm to flyAU
I wouldn’t worry about it if I were you.
Posted on 8/30/18 at 8:20 pm to flyAU
You are worried about $1000 when you are getting a deal on a townhome?
Posted on 8/30/18 at 8:21 pm to bigberg2000
quote:
Sort of what I am thinking.
I know this is the OT, but seriously, you would just say "yeah go ahead and keep that thousand"?
Posted on 8/30/18 at 8:21 pm to flyAU
You lived there for 6 years and bought the place under market value??
Yeah, frick that you’re not getting the deposit back
Yeah, frick that you’re not getting the deposit back
Posted on 8/30/18 at 8:23 pm to flyAU
Always assume you are losing your deposit.
Especially assume you are losing it when you are getting a below market value.
You sound poor worrying about a $1k security deposit after 6 years. Bet you wish you would have made a better deal.
Especially assume you are losing it when you are getting a below market value.
You sound poor worrying about a $1k security deposit after 6 years. Bet you wish you would have made a better deal.
Posted on 8/30/18 at 8:23 pm to flyAU
I would leave it alone
I would never expect a deposit back on anything, much less a place youve had for 6 years
I would never expect a deposit back on anything, much less a place youve had for 6 years
Posted on 8/30/18 at 8:24 pm to OleWarSkuleAlum
This is more of a ethics question than it is a "I am going broke without that money" question.
I am a landlord of a rental property myself and would assume I would be giving back the security deposit if they bought the place from me. I just thought it was an obvious situation that has proven not to be.
I am a landlord of a rental property myself and would assume I would be giving back the security deposit if they bought the place from me. I just thought it was an obvious situation that has proven not to be.
Posted on 8/30/18 at 8:24 pm to flyAU
Take him to small claims court. He has no damages or claim to the deposit.
Posted on 8/30/18 at 8:24 pm to flyAU
quote:
buy the unit "as-is" at the agreed upon price
before you
quote:
message him about the prorated rent due back to me
Never change, OT
Posted on 8/30/18 at 8:24 pm to flyAU
Just accept it and move forward.
Christ in a pancake.
Christ in a pancake.
Posted on 8/30/18 at 8:25 pm to flyAU
quote:
I am a landlord of a rental property myself and would assume I would be giving back the security deposit if they bought the place from me. I just thought it was an obvious situation that has proven not to be
You are bad at landlording then.
Posted on 8/30/18 at 8:25 pm to flyAU
I read it again. If "as-is" had an implied meaning of cheaper sale price due to the wear and tear, then I could see where the seller is coming from.
If he didn't sell to you, he likely would have used that money to repair whatever needed repairing and gotten a higher price.
If he didn't sell to you, he likely would have used that money to repair whatever needed repairing and gotten a higher price.
Posted on 8/30/18 at 8:26 pm to flyAU
This is why skinny whites girls are preferred tenants.
Posted on 8/30/18 at 8:26 pm to flyAU
quote:
am a landlord of a rental property myself and would assume I would be giving back the security deposit if they bought the place from me. I just thought it was an obvious situation that has proven not to be.
What did you learn from this experience?
Posted on 8/30/18 at 8:26 pm to flyAU
Of course you’re entitled to it. You bought the unit; he has zero damages to repair on a property he doesn’t own anymore.
Obvs not a lawyer, but this seems common sense. Your rental agreement & your home purchase are unrelated agreements.
Obvs not a lawyer, but this seems common sense. Your rental agreement & your home purchase are unrelated agreements.
Posted on 8/30/18 at 8:26 pm to flyAU
It’s $1000.
Learn the lesson and move on.
Learn the lesson and move on.
Posted on 8/30/18 at 8:26 pm to Rouge
quote:
Rouge
So you think 20 days of rent that you bought a place from is forfeit too? Never change Rouge.
shite I need to sell some things in here.
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