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  #1  
Old 02-03-2005, 04:57 PM
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Join Date: Feb 2005
Posts: 1

Seller doesn't want to let go of there home


What is the name of your state?nj
I will be closing on a house the 10th of this month. I people who own the house now don't have anywhere to go until the 28th. This is after I have served them a time of the essence letter. So my lawyer ask me if it was okay if the rent the house from me until the end of this month. But there is a little dispute here. They only want to pay my mortgage on a per diem. The question I really want answered is if they are renting my home don't I have the right to charge them what I want per day until they get out instead of only charging the 75.00 per day per the law as my lawyer is telling me because it's the law???
help in nj
  #2  
Old 02-03-2005, 05:02 PM
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Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Quote:
Originally Posted by icebabie
What is the name of your state?nj
I will be closing on a house the 10th of this month. I people who own the house now don't have anywhere to go until the 28th. This is after I have served them a time of the essence letter. So my lawyer ask me if it was okay if the rent the house from me until the end of this month. But there is a little dispute here. They only want to pay my mortgage on a per diem. The question I really want answered is if they are renting my home don't I have the right to charge them what I want per day until they get out instead of only charging the 75.00 per day per the law as my lawyer is telling me because it's the law???
help in nj

**A: your lawyer is an idiot. First of all, never rent back. If the Seller needs a place to stay after closing, recommend a 5 star hotel or Motel 6, 7 or 8.
Next, as L, if you were to rent the property, you could charge $1000/day if you wanted to.
  #3  
Old 02-08-2005, 11:49 AM
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Join Date: Feb 2005
Posts: 19

rent


You can charge any amount of rent you want...but like he said it is not a good idea..but sometimes you have to give a little..but draw a contract describing the condition of house. etc....
  #4  
Old 02-09-2005, 08:17 AM
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Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Have your attorney show you the state law to support his/her statement.
Then post here.
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