Can the seller rent the condo even that his Lawyer cash the down paym. and closing day is in Nov./ if yes what can I do?

Isabel
Home Buyer
Fort Lee, NJ

Answers (5)
Deborah Madey -...
Agent
Rumson, NJ

Did you complete attorney review? When? and When was this check cashed?

Sat Oct 10 2009, 19:56
Diane Glander,...
Agent
Spring Lake, NJ

A standard NJ contract of sale has a clause that states whether or not there are tenants present in the property the time the contract is written. If there were no tenants, it does not make sense that the owner would rent it while you were "under contract." However, if you were not "under contract" (out of attorney review) the seller may have been advertising for a tenant and put one in there if it was being used as an investment property for the seller. Leases can be written months in advance. As the buyer, you should have been made aware of the lease, though.
Get your attorney involved.

Sat Oct 10 2009, 09:12
Robert Greenbla...
Agent
Camden County, NJ

Hi Isabel. Was the property tenant occupied when you signed the Agreement? Is this a change in tenancy? Or, was it vacant when you went under Agreement, and now it is tenant occupied? Are you buying for yourself to live in, or as an investment property? In New Jersey, the tenants rights supercede the change in ownership. Get some legal advice immediately.

Robert Greenblatt
Keller Williams

Sat Oct 10 2009, 07:19
Laura Giannotta
Agent
New Jersey

This sounds like a legal question that requires the advice of an attorney.

Laura Giannotta
Keller Williams Realty - Atlantic Shore

Sat Oct 10 2009, 03:57
Debbie Rose
Agent
Livingston, NJ
FIRST ANSWER

Isabel.....I am not quite sure I understand your question.

Are you the buyer? Is the seller trying to rent the condo instead of selling it to you? Are you working with a Realtor? Do you have a sales contract...or a lawyer representing you?
Please try to explain what your situation is.....and I will try to help.

Debbie Rose
Prudential NJ Properties
email debbie.Rose@Prudentialnewjersey.com

Fri Oct 9 2009, 22:29

Didn’t find what you were looking for? Ask a question!

Search Advice

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 76
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback