Columbia, MO asked in Real Estate Law and Landlord - Tenant for Missouri

Q: Can a buyer in a home owner financing contract that is not satisfied, rent the home to other people?

We have an extensive agreement we’ve put together. As we are closer to signing and finalizing he mentioned renting the home to another party and not doing repairs until he pays the balloon note. I’m uncomfortable with this notion. Is it legal? Can they be landlord and not live in the dwelling?

1 Lawyer Answer
Ronald J. Eisenberg
Ronald J. Eisenberg
  • Landlord Tenant Lawyer
  • Chesterfield, MO
  • Licensed in Missouri

A: Your questions are fact-specific and depend upon the written terms of the contractyou executed. If this is important enough to you, hire an attorney to review the contract. In general, I landlord certainly does not need to live in the rental premises.

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