Landlord Sells Tenant Occupied Property.

csaygo profile photo

I am a tenant, my landlord sold the property to her sister who lives upstairs. I signed a one year lease with the previous landlord. Can the new land lord raise my rent or make me sign a new lease? I cannot find any Wisconsin Law on this subject. HELP!!!!!!!!!!!!

Comments(12)

  • cjmazur30th September, 2007

    search around in the histories. There have been several conversations. REITs have lots of limitation and are expensive to forn and run.

    An LLC/LP/C-corp seems to be preferred. If I am misstating the discussion. Please correct me.

  • cjmazur30th September, 2007

    This seems to be a state-to-state law. Find a landlord advocacy group in Jacksonville (big city) or wait for someone from FL to post.

  • bgrossnickle30th September, 2007

    this is a clause in my lease. you can google "florida statutes chapter 83"

    By signing this rental agreement, the tenant agrees that upon surrender or abandonment, as defined by Chapter 83, Florida Statutes, the landlord shall not be liable or responsible for storage or disposition of the tenant’s personal property and that landlord may immediately rent the property to a new tenant.

  • stangboy04137628th September, 2007

    Hi guys,

    Chris, this is the house I mentioned before, we are both on the deed, but she is the only one on the mortgage. I just want to make it as difficult as possible for her in case she tries to take me to court to sign it over to her. Couldnt I legally do it for estate planning purposes which is of course why I intend to do it in the first place...(not) PS we were never married, just boyfriend/girlfriend

  • richardo29th September, 2007

    These guy have given you good advice. I would never give any advice for things which are vendictive such as this.

    Your girlfriend had the credit and goodness to assume full liability for the mortgage. Be a man and move on with your life.
    Let her do the same.

  • richardo29th September, 2007

    These guy have given you good advice. I would never give any advice for things which are vendictive such as this.

    Your girlfriend had the credit and goodness to assume full liability for the mortgage. Be a man and move on with your life.
    Let her do the same.

  • stangboy04137629th September, 2007

    I appreciate the personal advice, but I would really like to know the mechanics. Sorry guys, I cant let this one go, not after what she put me through. I just want to know if I can quitclaim from my name on the deed into the land trust??? For estate planning purposes of course. Can the bank do anything if I am not on the loan???

  • ceinvests29th September, 2007

    How do you hold title?
    There are various ways to hold title when unmarried persons co-own a property. One way gives you right of survivorship, the other way is a separate hold which can be exchanged. Which one do you have?

    Questions for you --- Why is the mortgage only in her name? Why are you on Title if you are not on Mortgage? What have you invested that makes you feel the right to tie up this/her home? Are you willing to let her buy you out?

    Step back a bit and pretend you are dealing with ... hmmm... a stranger or ------- .....
    These guys are giving you good advice. IF you truly have $$ invested, then let her buy you out. When my ex and I split, we cleaned things up legally and financially and moved on. No Regrets![ Edited by ceinvests on Date 09/29/2007 ]

  • stangboy04137629th September, 2007

    I just need to know the legalities if I can do this. I dont need personal advice, as I am able to sleep at night. All I want to know is if I can quitclaim my interest to a land trust. She is on the mortgage because I have a few loans on other houses. I am not sure how I hold title but all I know is we are on title together and she is on the loan. I sincerely appreciate the advice but I just would like my question answered if possible.

    Thx

  • stangboy04137630th September, 2007

    First of all, its not out of vindictiveness. I have a down payment in that house and she refuses to negotiate anything. I dont need a psychologist or a morale expert. And what if my reason was for estate planning?? The law has nothing to do with "fairness" , it has to do with laws. It was just a technical question, "can it be done?", and nobody can seem to answer this question.

  • stangboy0413761st October, 2007

    I live in North Carolina, how would I be able to find out how I hold title??

  • cjmazur7th October, 2007

    I feel it needs to be a decision made by your CPA, Atty, and yourself. They provide the pros/cons, and you get to make the decision.

Add Comment

Login To Comment