Upon vacancy the rent control statute no longer applies and will eventually phase out.It was a windfall in equity from my point of view.

Most tenants think they need to go after the agent because the processed and held the deposit, but in court, they will refer to the statute that the owner needs to be named as defendant, and the case is dismissed. 

Yet, once I finish law school and pass the bar, I'll be able to be a broker as well, as per Minnesota Statute.

Note: Always review the Statutes (laws) first and foremost.

Since there isn't a written lease, the state statutes will be all the court can go by.Happy InvestingDerek Dombeck

In MA you can only collect first month's rent, last months rent security deposit (which can not be more then a month's rent amount) and $25 (I think thats the amount by statute) key/lock deposit.

The is a rule which most states follow that says that any agreement for longer than one year (statute of frauds) must be put in writing to be enforceable so it cannot go on forever, but even 10 months could work a huge hardship on you. 

If you want to dig into the weeds and review all the legalese of who is required to have a NC broker's license... read  NC General Statute Chapter 93A Real Estate Law, more specifically section 93A-2 - Definitions and exceptions.

New Jersey Statutes give a right to a Judge within his or her discretion after Judgment of Possession has been entered and after the Judge has made a determination that no further Order to Show Causes will be issued to give a tenant time to vacate from a tenancy.

If I recall, the verbatim language in the statute is something along the lines of "Simply owning real-estate itself --- by itself --- does not constitute doing business in Pennsylvania."