Friend Wants To Rent My House

Q: I am in a contract right now with a realtor to rent my place for me. She hasn’t found anyone and my friend now wants to rent my place. Can I just take my place off the market with her and do all the work myself?

A: Careful, you might be legally committed to pay a commission for anyone renting your place if is done within the time constraints of the contract you have with her (& her company).I suggest you wait, then if your friend still wants to rent after the contract is expired, go ahead. Otherwise, sit down & have a talk with your agent – see what you can work out. Also, be careful when renting to friends. Sometimes, friends & business (like being their landlord) don’t work out & your friendship is ‘history’.

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Real Estate Questions By : Richard Landuyt


Richard J. Landuyt - Real Estate One - 21250 Hall Road - Clinton Township Michigan - 48038 - (313) 407-9654