Cuz he still won’t be responsible for maintenance or property taxes …
Man pre-pays $732,000 in rent for 61 years. Now the landlord is trying to renege.
- Thread starter Ozymandeas
- Start date
but did that landlord agree to it
You're still responsible for maintenance beyond normal wear-and-tear and taxes are not an issue for anyone with a lick of sense - rent increases will encompass the cost that taxes would have.
That's just my opinion. Technically it was never proven one way or the other. Before they got to the money, the judge determined that the son never had the right to enter into a lease with the tenant based on the land contract between the father and the son. So at this point, if the tenant wants to "get his money back" he would have to sue the drug addicted son.Wait no money was exchange? Get all of these clowns out of here
The reason i believe no money was exchanged is that the tenant didnt really seem too concerned with the loss of his 144k. He dropped the issue of the lease and 144k quickly and switched up his defense strategy to claim squatters rights. That's why I think that the son did sign the documents but that it was some sort of scam.
It was a somewhat interesting case.
Everything about this sounds off to me.
I've seen a few people who have paid ahead, and I've even seen someone pay a year in advance for a home (with funds from having sold their home in a divorce) - but there is no one paying 61 years in advance for rent.
Its such a stupid concept it boggles the mind.
I've seen a few people who have paid ahead, and I've even seen someone pay a year in advance for a home (with funds from having sold their home in a divorce) - but there is no one paying 61 years in advance for rent.
Its such a stupid concept it boggles the mind.
Dumbest thing ive ever heard, just buy a condo 
There would have been no rent increases for 61 years. It would have stayed 1000 a month until July 2085
TELL ME YA CHEESIN FAM?
I walk around a little edgy already
How did he prepay if no payment was made?
He didn't claim to have paid 61 years in advance. He claimed to have entered in a 61year lease with the previous owner and that he prepaid 12 years to the previous owner. Which i will admit sounds rediculous but he brought a signed lease and a signed receipt for 144k so the burden of proof at that point was on the new owner.
Act like surprise special assessments aren’t a thing brehs.
Ozymandeas
Veteran
Personally, I think he's doing something nefarious and knows they can't seize a rented house
I think i caused the confusion so that's my bad. He claims he prepaid 12 years of rent cash. I said that my personal opinion is that money never exchanged hands and that it was all a scam.
everything about this is fukkin stupid
end of thread ???