My husband and I recently made an oral agreement with a couple to rent to own their property in our town. The couple selling the house currently live in a different state from the property in question. Price and terms were discussed briefly and agreed upon by both parties. A month after my family moved into property, we were informed that the couple had changed their minds because of failure to make a payment, however according my understanding of the terms the payment was not late. The couple is now asking that we show the property to potential buyers. I would like to know what my legal rights are as far as our oral agreement with the couple and also are we required by law to show this house to potential buyers because the current owners live out of state?
Lawsuit / Dispute Attorney
"Rent to Own" a Home is in essence an Installment Contract to Make a Deed. Because it involves the purchase of land, it MUST be in writing to be enforceable by you. Without a written contract you have, at best, an oral month to month lease. Either you, or your landlord can terminate your oral lease with 30 days notice. Since it appears your landlord is intent on selling the property, I'd be looking for another place to live; unless you are willing (and able) to obtain financing and purchase the home outright.
Car / Auto Accident Lawyer
Under no circumstances do you rent a property without it being in writing. A judge has no way to know the truth of what was agreed to in the agreement. Get it in writing or move to another place with a written lease. You are not going to get a judge to believe you agreed to make the biggest purchase you make in your life, and you have nothing in writing.
The response given is not intended to create, nor does it create an ongoing duty to respond to questions. The response does not form an attorney-client relationship, nor is it intended to be anything other than the educated opinion of the author. It should not be relied upon as legal advice. The response given is based upon the limited facts provided by the person asking the question. To the extent additional or different facts exist, the response might possibly change. Attorney is licensed to practice law only in the State of Alabama. Responses are based solely on Alabama law unless stated otherwise.