Legal Question in Landlord & Tenant Law in Minnesota

We have a contract for deed from a company. We have to move and went to the company to see our options. They told us we can either put the house back on the market ourselves or they will break our contract and buy the house back, well we picked the break the contract deal. Now they said we would get back half of what we paid into the house, ok. We got a letter stating that they would need to do some things to the house in order to resell the house and that the amount needed would come out of the amount we are getting back. They deducted replace and remove carpet and padding $4500.00, paint walls and inside trim $6500.00, we said that $6500.00 sounded to steep so we called someone and they said it should cost no more than $2000.00 to repaint. So I called the company and told them about the amount being so steep and that we found someone to do it for $2000.00 and so we should get that difference back, right? Well according to them they said no, they are just giving us back $2000.00, we put in about $11,100.00. They said that they are taking a loss at the house and they can't give us back anymore than $2000.00. Well I talked to people and they said everyone is taking a loss in housing and that they said they would buy back the house, they never said anything about anything else. I read the contract for deed and nowhere does it say anything about them taking money out of our pocket to do repairs needed to resell. I mean that is like anyone buying a house anywhere, they are buying the house as is, right? Please help!!!!


Asked on 8/26/09, 1:29 pm

1 Answer from Attorneys

David Anderson Anderson Business Law LLC

I would need to review the CD and the correspondence from the CD Holder to advise, but if they accepted the revocation of the CD you are essentially in a partnership, which means you need to come to agreement on improvements and sale conditions.

I have 28 years LL/Tenant and real estate business experience.

Call or email for assistance.

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Answered on 8/31/09, 2:43 pm


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