Legal Question in Real Estate Law in Missouri
I am buying a home contract for deed and i missed 7 months of payment. Can the seller charge me me rent plus late fee for these months or just the late fee ?
Asked on 2/21/12, 3:29 pm
1 Answer from Attorneys
Anthony Smith
LawSmith
What happens when several paymnets are missed, is usually addressed in the contract for deed. Often they call for rental payments to be owed, when the buyer/renter is in default. Whether seven missed payments means default, is also probably addressed in your agreement. Most agreements I have seen call for a declaration of Defualt for less than seven missed payments.
Answered on 3/10/12, 2:03 pm