California  |  Real Estate Law

Legal Question

Asked on: 10/03/13, 8:31 pm

I just bought a house and agreed to rent the property back to the sellers for 40 days. All parties signed the addendum and the sellers deposited funds for 40 days of PITI into escrow.

Escrow has closed and now they have now changed their minds and are requesting the money back in the form of a check. However, I have a lease of my own and have to give 30 days notice. Do I have to return the funds essentially double-paying this month (rent +mortgage)?

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