we are renting from a good friend of my husbands. but,our first year is up and he has not offered for us to sign a lease or contract again. but has not told us otherwise.
2006-08-05 12:32:17 · 3 answers · asked by malak 4 in Business & Finance ➔ Renting & Real Estate
The real question is how good of a friend he is? and how much can you trust him?
Other than that, generally speaking the fact that there is no contract is more of a risk for the owner than for renters.
If I were you i'd keep it the way it is now.
Unless of course you really want to stay for a certain amount of time in this location, in that case yes, defintly try to obtain a leasing contract.
2006-08-05 12:38:32 · answer #1 · answered by digiteerx 2 · 0⤊ 0⤋
Typical practice is to go month-to-month after the lease expires. Just ask him if he's willing to do another lease!
2006-08-05 19:37:10 · answer #2 · answered by Bostonian In MO 7 · 0⤊ 0⤋
yes,and get a copy of it.That way you will know what your obligations are and what the landlord is responsible for.Also you can refer to it if there is a discrepancy who is suppose to do what.
2006-08-05 19:41:41 · answer #3 · answered by Willnotlietoyou 5 · 0⤊ 0⤋