Man pre-pays $732,000 in rent for 61 years. Now the landlord is trying to renege.

[Ozymandeas]

We know why he did it but you took the money. Honor the deal

 

[OliviaTwist]

If you had that type of cash on hand why not buy outright

 

[num123]

Why are you pre paying rent 61 years in advance? Buy a house and a down payment on another with that money. He is a massive dummy.

If i was a landlord you are not pre paying me shyt, if i need to raise the rent i am not about to be stopped because someone wants to pay for decades up front. Would be big loss.

 

[Turbulent]

The part one and two of this came out last week. The tenant ended up losing.

I watched both videos and my opinion is, the son did sign the lease and the receipt. There was probably never money exchanged (probably a scam). The father was probably doing questionable things too with the multiple transfers of ownership of the house. The judge was very biased towards the father.

Pretty much every one came out of this looking dirty.

 

[Ezekiel 25:17]

Wouldn't the landlord come out on top if he invested the $730k?

 

[Artificial Intelligence]

Why didn’t he just bu…. Nevermind.. yall got it

 

[Elim Garak]

 

[Turbulent]

This sounds like a win win situation

Wouldn't the landlord come out on top if he invested the $730k? And the tenant saves money.

Well it depends how you view it because 1000 a month for a whole house over 61 years, with inflation, taxed, maintenance, as the years pass that 1000 will become more and more chump change to the landlord.

Also, one particularity about this case is that the tenant claimed he prepaid 144k of rent cash to the son (in other words, he says he prepaid 12 years of rent cash) and he had a signed receipt from the son...

 

[BigMoneyGrip]

If you had that type of cash on hand why not buy outright

Some people feels it’s better to lock in the rate early

 

[BigMoneyGrip]

Why are you pre paying rent 61 years in advance? Buy a house and a down payment on another with that money. He is a massive dummy.

If i was a landlord you are not pre paying me shyt, if i need to raise the rent i am not about to be stopped because someone wants to pay for decades up front. Would be big loss.

Some people don’t want the responsibility of home ownership

 

[num123]

Some people don’t want the responsibility of home ownership

Then buy a condo.

 

[Artificial Intelligence]

What utilities came with it

 

[BigMoneyGrip]

The part one and two of this came out last week. The tenant ended up losing.

I watched both videos and my opinion is, the son did sign the lease and the receipt. There was never money exchanged (probably a scam). The father was probably doing questionable things too with the multiple transfers of ownership of the house. The judge was very biased towards the father.

Pretty much every one came out of this looking dirty.

Wait no money was exchange? Get all of these clowns out of here

 

[Turbulent]

If you had that type of cash on hand why not buy outright

According to the videos i watched, he had charges on him. The old man's lawyer alledges that he is a drug dealer. By renting longterm (assuming he's 25-30, the lease is 61 years, it's pretty much for his whole life( and prepaying for years supposedly, he not only secured housing for low rent for multiple years, secured himself against inflation, and most importantly, authority (govt, IRS, etc.) can't really seize anything from him cause he doesn't own it.

 

[Diondon]

Prepay $732,000 in rent? Rent?