Q: can someone charge me rent if they arent the owners of my house yet. they still owe me 80k and want to charge me rent?
I just sold a home to some investors who approached me to buy my house. I did sell it to them under special circumstances that my father lives there until he passes,but I want 100k down to be able to invest in other things. Now they are trying to charge me 750.00 USD a month each month while he lives there with cancer until Jan 1st 2017 or until he passes which ever comes first.Can they legally do this even with still oweing me 80k ?
A: No lawyer can give you an accurate answer to this question without reviewing the contract and documents which you signed at the closing of this transaction. If your father has a "life estate," ( the right to live there for the remainder of his life) then he is, in effect the owner of the premises for the remainder of his life, and he can rent to whoever he wants. However, again, there is always more than one way to structure a transaction, and no one can advise you without seeing those documents. Any experienced real estate lawyer can help you.
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