What Would You do if you Fixed up your Place and Realized the House could Get Sold?

[Paris13]

***My Sister and Husband Have Been Fixing up their Place. They finally Have the Money. Sister and Hubby Have Spent a Lot of Money on Doing this But Don't ask Their Land Lord Friends to Subtract Any of this from the Already Cheap Rent (Friends' Mom is Very Sickly So They live in the Other Side of this Half of this House as "Property Management") so their Rent won't Get Raised. They all Help each Other too. My Sister is Now Upset for She is Suddenly Realizing that if Anything Happens to Their Mom, This House may be Sold along with the other Property the Mom Owns. There are Other Siblings involved. They would Then Be Forced to Maybe Move and with Two Dog. It's Hard to Find a Place to Take pets. What Would you Do in a Case Such as this? My Sister and Husband Have been Residing there for a Long time and Call it Home. xxoo

[Leapfrog00]

Something similar recently happened to me. Last year I was living with a narcissistic aunt, and it used to be my grandparents' house, but after they died, my aunt and I got the house, or my aunt I should say, with her control freakish ways.

I had so many memories there. When I was little, I would stay there every Friday and leave on Sunday. I remember when I was little my grandmother would make me breakfast and I would watch cartoons, my grandmother used to read me bedtime stories (I remember this one with these animals that painted the whole town with buckets and buckets and buckets of paint, lol), and one evening , I left for my first dance in that house, and I remember summers when I would swim in my grandparents pool.

Last year my aunt decided she wanted even more attention than she was already getting and signed herself into a nursing home because she thought they would cater to her every need. She takes our house, signs everything over to her rich cousin, who walked in when I was in the hospital, stole my dog, which a neighbor would come in and take care of, and then she steals all of my things and sells some and keeps the rest.

$95,000 is what the house is being sold for. All I have left is this laptop and a few clothes. I'm not big on material things anyway, but the thing that bothers me is there were memories attached to most of those things, one at which was a round stone with a picture of a from embedded that a friend gave me, who died in an accident a couple of years ago.

I feel for your sister. I'm sorry that happened. It is hard finding places to live, and everything is expensive. Maybe there are places online she could look, like aparments. com or somewhere. I found a reasonable place to live there once, before I got tricked to move in with a narcissist!

[Paris13]

Thank You, dear... I have Seen It Allll In My own Family Over the Years... Memories. xxoo

[Static_In_The_Attic]

The tenant's agreement is tied to the property and not to the owner. That means if the property sells while occupied, the tenant has the right to live there until the standing lease expires. The new owner has to honor the length of the original lease created between the seller and tenant.

You may live there & if you don’t own it it’s your home but not your house & when it comes to renting if you have a lease agreement it will hold up in a courtroom.

[Paris13]

No Lease or Anything. Month to Month. xx

[Static_In_The_Attic]

Start packing your bags!

[midnightmoon05]

No need to panic…
It sounds like may happen.
The landlord didn’t say they have to move out.
Meanwhile…be smart…and save up. If the rent is cheap…it’s to their benefit to save for a home to call their own.
As a landlord…I always encourage keeping up with inflection…
Landlords are NOT doing their job if they don’t raise rents.
Reality will hit when things like this come up.
Most learn to protect ourselves financially.

[midnightmoon05]

The compromised between cheap rent and upgrades sound normal.
If that was the agreement.

as a renter…best to have a goal…since can’t look back to what could have been done…their only option is to move if that happens. Then set a new goal for what they want in the future.

as of now…stop any new upgrades and have new plans anyway so they are not living in a situation what if they sell…

if they sell…it still takes time…

meanwhile…save up!! Buy a small apt.
being upset will not solve the problem.

[skyla_is_learning]

buy a house as soon as possible

[Paris13]

They should... xx

[skyla_is_learning]

how? All together

[Paris13]

No, Just Her and Her Hubby. But They have Looked and Many of the Houses Need work That is Affordable. xx

[skyla_is_learning]

every option is better than the current situation

[Paris13]

@skyla_is_learning I wonder How it Will All Pan Out... xx

[ShesRad80]

fortunately, mine can't be sold, unless i choose to, i bought and paid it off. but i have rehabbed it myself over 5 year time frame and i would be pretty devastated. like an apartment or home you can fix it up and pay bills and rent but in the end its never yours. when you invest money in something that isn't actually yours unfort its only made it more valuable to the actual owner.

[Paris13]

Make sure though Someday when You are Much Older, You do the 5 Yr protection deal where medicaid Don't Nab it. Look into That. xx

[ShesRad80]

💕💕✌

[BoopBoopBeep]

You can live in an apartment for 10 years but it's never really YOUR home. Same thing here. They're welcome to buy the house, before or after her death. If it's out of their price range that should have been apparent along the way. You shouldn't get attached to things above your means.

[Paris13]

I Agree. xx

[humanearth]

Make an offer to buy the house. Even see if they are willing to do a land contract

A land contract is legal in all of the USA and Canada.

Basically a land contract is very much like a rent to own, but different

A land contract your rate is locked in and can not be changed, but you are responsible for all repairs, property taxes and everything that comes with home ownership

[Paris13]

Not Seeing The Friends Doing That But Thank you. xx

[Anonymous]

You should realize these things before you move into any house or apartment, especially a rental. All you can do is move if the time comes. People spend huge amounts of time and money picking out properties to buy only to realize after they've already moved in and settled that they have loud neighbors. Every little thing has to be thought of and checked out in advance.

[Paris13]

Exactly. She Now Came Out of the Either. xx

[LiamJHayden]

Unfortunately too late to tell them this, but never spend your money renovating a property you are renting as a home. I've seen people spend tens of thousands only to get evicted at the end of the lease, or have the owner sell to someone who moves into the home.

[Paris13]

It Happens. xx

[LiamJHayden]

Unfortunately it does. Well not unfortunately for the owner, who gets free improvements on the property.

[OlderAndWiser]

The only option is to try to purchase the home now, or enter a very long term lease (like five years) because anyone who buys the house will be required to honor the lease.

[Paris13]

I Thought at Least now a Lease... Month to Month only a 30 Day notice. xx

[OlderAndWiser]

Month to month gives them no protection against rent increase or being ejected in 30 days notice when someone wants to sell the property.

[Paris13]

Exactly. They are Way too Easy on These Friends... xx

[AviatorTom]

That's the risk of renting, no part of the place (other than furniture and clothes) really belongs to you. If in that situation and you really like the place, you can try to buy it yourself.

[Paris13]

I think It's in The Old lady's Will to Sell Between the Siblings but Okay. xx

[Anonymous]

That's why you don't pay to fix something you don't actually own. Best case scenario here is to buy the house from the mom and have it written into the contract that the purchase takes affect upon her death (so she is secure in her ability to stay there). Where I am from this is common in land purchases.

[Paris13]

Yes, Life Use for Mom. We Had That with The House Mom and Dad Had... xx

[Bryce325]

A rental is always just that. They really should have been using that money to save for a house or at least something nice for themselves.

It'd really just a lesson not to throw your money away.

[Paris13]

I Agree. xx

[TrueConfection]

I would recommend they buy it now, with a reverse mortgage to the mother living there or offer a contingency that allows her to stay.

[Paris13]

Not Seeing the Friends Do this. xx

[Likes2drive]

I wouldn’t fix up a place I don’t own, that’s the problem with renting. Maybe they should find out about the will, might have to buy out the other siblings

[Paris13]

I Thought of That, Big Guy. Yes!!! xx

[exitseven]

If I was renting a house I would not spend a lot of money fixing it up. The owner should do that.

[Paris13]

lol!!! You would Think. xx

[Staximus]

Only an idiot spends more than a small amount of money fixing up a place that they rent, so I would never been in this situation.

[Paris13]

I Follow. lolxx

[Sparkie460]

Maybe if they can afford it, do a " rent to own" lease. It might increase their rent but the money they pay goes to purchasing the house

[Paris13]

Good Thinking. xx

[YosiEl]

I think it's foolish to spend a lot of money on a place that ain't yours in the first place. Why not put the money aside for a down payment then spend as much as you like on that place...

[Paris13]

Forever Thoughts... xx

[Massageman]

I'd jump up and down with delight, and move south.

[Paris13]

lol!!! I DID!!! xx

[Anonymous]

I wouldn't renovate something I didn't own so that solves that

[Paris13]

Okay then. xx

[OfMiceandMen]

I've been plugging away on mine and there is no way I am selling anytime soon.

[Mark987]

I would never put money into a place I am renting. It's like leasing a car and getting tints or mags.. there is no point.. If you own the place then yes.. otherwise " NO"