Re: Ohio: Landlord to sign Verification of Rent

Re: Ohio: Landlord to sign Verification of Rent by Garry on March 26, 2017 @15:06

First, find out from your tenant, the address of the property they plan on buying, and write it down. That gives you a forwarding address for future use. If the rent verification form is just a standard form, it probably has a place for starting and ending dates of your lease. Be sure to put in BIG,BOLD NUMBERS the ENDING date. You could also put down in your own handwriting somewhere on the form, that the T would be breaking the lease, if rent is not paid till the end of it. Then send it in to the lender. If they DO end up buying a home, your lease will not stop them from moving out and breaking the lease. When that happens, fix your place up and rerent it again. Any money lost according to your lease, can be charged against the T. You would then proceed to court against the T, to try to win a money judgement against your former T. If you should win. you could possibly garnish his wages, or put a lien against his new home.

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Re: Ohio: Landlord to sign Verification of Rent by Marita on March 27, 2017 @07:22	[ Reply ]

This answer makes perfect sense. Thank You

Re: Ohio: Landlord to sign Verification of Rent by Anonymous on March 27, 2017 @08:17	[ Reply ]

Please do not put in BIG,BOLD NUMBERS the ENDING date, nor any petty comments as G suggested. It will only shown your pettiness and unprofessionalism as a landlord. They will just ignore your comments as from some bitter landlord. Be professional about handling the issue. Your response to the tenant breaking the lease is between you and the tenant. You should have a lease clause detailing what happens when the lease is broken and what damages apply. Following the advice from someone who never incurred this issue should be avoided at all cost. If the home buying falls through for some reason, would you want to deal with an upset tenant for the rest of the lease, who feels it was because of your comments. Don't be stupid and keep it professional!

Re: Ohio: Landlord to sign Verification of Rent by Anonymous on March 27, 2017 @08:46	[ Reply ]

I agree with the post above. Be professional and resist such poor advice as G suggested by making up and unnecessary comments. It could come back to bite you in the butt. As stated, the tenant breaking the lease is between you and the tenant. You should have an early termination fee in your lease.

Re: Ohio: Landlord to sign Verification of Rent by Anonymous on March 27, 2017 @11:06	[ Reply ]

"You could also put down in your own handwriting somewhere on the form, that the T would be breaking the lease, if rent is not paid till the end of it" That's out right lying!!! The landlord would be required to mitigate damages from the tenants early termination of lease. Such a statement could be viewed as the landlord trying to undermine the tenants mortgage application. Which could be a costly mistake for the landlord.

Re: Ohio: Landlord to sign Verification of Rent - Landlord Forum thread 351341