• Friend Wants To Rent My House

    Posted Sep 9th, 2010 By Richard Landuyt in Real Estate Answers With | Comments Off

    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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    Richard Landuyt
    Licensed since 1979, I give you my personal guarantee that your real estate transaction will be the most organized process you will ever experience.


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