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Updated almost 7 years ago on . Most recent reply

User Stats

24
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37
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Rylee Knox
  • Real Estate Agent
  • Augusta, ME
37
Votes |
24
Posts

I have a question about a lease.

Rylee Knox
  • Real Estate Agent
  • Augusta, ME
Posted

Hey bigger pockets community, my parents are preparing to move into a new apartment in Portland, Maine and they were asked to agree to some terms on the lease that are a little concerning. They are selling their home to move into this apartment. Everything is moving smoothly, but obviously moving into the apartment is contingent on the sale of the home. 

The lease states that "If home sale falls through - rent for the entirety of the lease will still be due, unless another tenant can be found (by you) and agreed upon (by landlord)."

What do you think about this clause. Is this a common thing? What should my parents do? Thank you in advance for helping with this. 

  • Rylee Knox

Most Popular Reply

User Stats

630
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378
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Ed Emmons
  • Specialist
  • Milford, ME
378
Votes |
630
Posts
Ed Emmons
  • Specialist
  • Milford, ME
Replied

In Maine it is not inforcable. The only thing the term does for you is that it takes it out of a “tenant at will” situation which you never want to be in for Maine as you have almost no rights. Your lease allows you to set rules for your properties y which you can evict for if not followed provided you give proper notices.

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