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Updated about 4 years ago, 12/24/2020

User Stats

18
Posts
0
Votes
Shandrea T.
  • New to Real Estate
  • Minneapolis, MN
0
Votes |
18
Posts

What is considered an actual rent receipt per Purch Agrmt?

Shandrea T.
  • New to Real Estate
  • Minneapolis, MN
Posted

Hello!

I'm under contract for a home and in the contract we have language "seller to provide monthly rent receipts" since we are planning on inheriting the tenants.  The sellers have sent over a copy/paste from Zelle showing that the tenants paid, but for about 5 out of the past 12 months they stated the tenants paid in cash.  For those cash transactions, he sent over a copy/paste from his Wells Fargo statement - see below.  I've removed the reference number for privacy purposes just in case.  Now, maybe I'm crazy, but I'm pretty sure you can't deposit cash via mobile right?  Lastly, if I wanted to walk away from the deal, given that the above documentation mentioned was received, would that suffice in terms of the agreement technically being unfulfilled and I would be able to cancel the agreement?

From the seller:

Here is the best I can do. I can't get receipts but this is C&P from my WF statement. The totals reflect the rent, as well as other checks or cash that I was depositing.

05/06/20

MOBILE DEPOSIT : REF NUMBER :XXXXX open dialog

$3,052.90

Also just for reference - I'm not just being a jerk and changing my mind and looking for a way out.  I've just recently found out additional information regarding what the seller stated the current tenants were paying vs. what they're actually paying so I'm trying to find solutions but also want to explore all options in case I need a way out.  

We're planning on seeking out an attorney once the Holidays are over but of course I had to get this off my mind on here to see if anyone had insight.

Thanks!

Shan

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