Im assuming the cash payments are for some sort of illegal tax benefit. Because of this can he not take me to court when I break the lease.
2007-03-04 18:34:09 · 5 answers · asked by Guy 1 in Business & Finance ➔ Renting & Real Estate
Im sorry. I should have added the fact that I do get receipts from the landlord. Thats something I would never do. I just figured that since its all in cash he doesnt really have an recourse if I decided to leave.
2007-03-05 10:07:49 · update #1
"It's illegal to pay your rent in cash. You could sue your landlord for accepting such payments. With the money from the suit, your new home will be paid in full."
lol, yeah right. Maybe if you live on fantasy island that could happen.
Anyway, you are assuming too much. You have no direct knowledge of what your landlord is or is not reporting on his taxes.
If you default on your lease, your landlord can come after you for the rent that he loses until he gets another tenant in there. He can also come after you for the costs of getting a new tenant.
You best option is to tell your landlord that you are leaving because you are buying a home, and ask him if he will let you out of your lease. You can also cooperate in finding a new tenant.
2007-03-05 02:30:50 · answer #1 · answered by BoomChikkaBoom 6 · 0⤊ 0⤋
If you signed a lease you are liable for the entire amount whether you live there or not. The landlord could sue you and ruin your credit rating. It is usually better to talk to the landlord and explain your wants. You might be able to come to an agreement.
Also it sometimes runs into months when buying a house and you still need someplace to live while the lawyers are doing the paperwork.
2007-03-05 02:41:29 · answer #2 · answered by DaLady 5 · 0⤊ 0⤋
With a signed contract (lease) anybody can come after you... Whether he will or not is another story... How sharp is he with the law?... Now is a good time to ask him WHY he's taking cash... Get a straight answer...Is he worried about you becoming an IRS informant?... If he is, then he won't bother you...
2007-03-05 02:41:27 · answer #3 · answered by Anonymous · 0⤊ 0⤋
He can still take you to court if you signed a lease. However, it might not be in his best interest if he's taking cash under the table. Has he ever given you receipts for your rent? I'm guessing if he's doing some underhanded business, the courtroom is not a most comfortable atmosphere for him.
2007-03-05 02:38:30 · answer #4 · answered by squealy68 3 · 0⤊ 1⤋
It's illegal to pay your rent in cash. You could sue your landlord for accepting such payments. With the money from the suit, your new home will be paid in full.
2007-03-05 02:37:12 · answer #5 · answered by Debi in LA 5 · 0⤊ 4⤋