Question regarding to Lease rental cost on contract?

Question

Could someone explain to me what this means? The landlord and I had verbally agreed $2,500/mo, but the lease have me baffling..

7.	(A).  RENTAL AMOUNT AND PAYMENT  Tenant hereby agrees to pay to Landlord at the place at which Landlord, or Landlord’s Agent, may from time to time direct a rental in the amount of_240,000.00), per year, in 12 equal monthly installments of) each month,  payable in advance on the first (1st ) day of each month.

Bort · Answer

As per that statement in the lease, which is the legal document that can not be changed after it's signed unless both parties agree you are only requires to pay $2000.00 per month.
The landlord is lazy. They didn't even read their own lease contract is what it means.

Anonymous · Answer

It appears to be incorrect. This happens when inexperienced landlords try oto copy sheit of the internet.  They failed to edit it properly.  DO NOT sign that lease. As written you would legally be agreeing  to pay $20,000/mo.  Require that it be fixed before you sign it.

Nuff Sed · Answer

It may be a form copied from another transaction and should be amended to reflect your agreement more accurately before you sign it. Phrasing it as a yearly payment is further evidence that you would owe the entire payment whether or not you're actually still living there if you try to cancel at some earlier time. In other words, you already owe for the entire year, but you're allowed to make monthly installments.

Of course, most state laws would limit how much they can sue you for, if you left early, once they have found a suitable replacement tenant.

? · Answer

The lease seems to indicate $20,000 a month.

Judy · Answer

Might just bre a typo, but get it changed before you sign it

? · Answer

don't sign this one

Murzy · Answer

it should say, $30,000.00

Trending News

Question regarding to Lease rental cost on contract?

7 Answers