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The Water Cooler
General Discussion
Legal Question: "Addendum" to Lease 6 months later?
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<blockquote data-quote="Blewis11" data-source="post: 2003760" data-attributes="member: 16395"><p>You are getting good advice from everyone. Its like I'm in a room full of lawyers! (I am a lawyer and since I haven't read your lease, this isn't legal advice by any means, there is my disclaimer). It all depends on what is in the lease and if it allows for modifications of terms. They can certainly change the terms when you come up for renewal, but I would be surprised if it allowed for such a change during the term of the lease - but I just don't know without reading the lease. Your current property owner was most likely assigned the rights to your lease when they bought the property (there will be a clause in your current lease that talks about assignability). But they are generally stuck with same terms and conditions of your old landlord until the term of the lease is up. You need to go over the lease with a fine tooth comb. If you don't understand something or the language in it, just pm me the provision you don't understand and I'll tell you what it means. Its no problem and I don't mind using a few minutes of free time to help out a fellow board member. It does say you are in Arkansas and the laws are different from state to state, so my interpretation of the provision will be based upon Oklahoma law and more for general informational purposes, not specific legal advice. If you really get in a bind or dispute, you will need to hire an Arkansas real estate attorney.</p><p></p><p>Billy Lewis</p></blockquote><p></p>
[QUOTE="Blewis11, post: 2003760, member: 16395"] You are getting good advice from everyone. Its like I'm in a room full of lawyers! (I am a lawyer and since I haven't read your lease, this isn't legal advice by any means, there is my disclaimer). It all depends on what is in the lease and if it allows for modifications of terms. They can certainly change the terms when you come up for renewal, but I would be surprised if it allowed for such a change during the term of the lease - but I just don't know without reading the lease. Your current property owner was most likely assigned the rights to your lease when they bought the property (there will be a clause in your current lease that talks about assignability). But they are generally stuck with same terms and conditions of your old landlord until the term of the lease is up. You need to go over the lease with a fine tooth comb. If you don't understand something or the language in it, just pm me the provision you don't understand and I'll tell you what it means. Its no problem and I don't mind using a few minutes of free time to help out a fellow board member. It does say you are in Arkansas and the laws are different from state to state, so my interpretation of the provision will be based upon Oklahoma law and more for general informational purposes, not specific legal advice. If you really get in a bind or dispute, you will need to hire an Arkansas real estate attorney. Billy Lewis [/QUOTE]
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Legal Question: "Addendum" to Lease 6 months later?
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