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Updated about 1 year ago on . Most recent reply
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Rescinding a Verbal Offer
Anybody have experience with a verbal offer having any merit for a tenant that was on MTM and was verbally approved for a 12-month lease, but was given a 30-day instead? She was caught for the 3rd time not picking up after her dog, destroying the lawn after being tied up for extensive time, and made it obvious that she was looking to move when she contacted one of my listings, not knowing that it was me, suggesting that she was looking at moving anyway. I am pretty sure that without a binding contract signed by both parties, there is no contract, but I was just curious if anyone has experience with something like this.
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Quote from @Chris Seveney:
@Katherine Earle
I am not aware of any state where a verbal commitment would ever hold up.
Ya, especially a 12-month lease. This was my first property and I have changed how I handle inherited tenants. They were asking if I would evict them or jack up the rent, and as a knee-jerk response, I told them I would offer them a 12-month lease with the new rents if they filled out an application when it came time. I don't tell tenants of future plans anymore. :-D