Legal Question in Landlord & Tenant Law in Virginia
verbal agreement to rent to own
verbal agreement to rent to own home with percentage going to down payment and waive closing cost. ear later home is to be sold in 30 days and no written lease to prove this. what can be done and what rights do we have. should we be out in 30 days or what time frame do we have.
1 Answer from Attorneys
Re: verbal agreement to rent to own
If you made a verbal agreement to purchase a home, this agreement would not be enforceable under the Virginia version of the Statute of Frauds codified at Va. Code Sec. 11-1. Such agreements to purchase real estate must be in writing to be legally enforceable.
Therefore, I can only conclude that your rights are limited to what the seller is willing to give you as occupants of property which he apparently now intends to sell to others.
In other words you can be told to leave at any time and I would not count on the owner even giving you 30 days. And I might also add that I'm utterly baffled why anyone would move into a house under this kind of flimsy, unenforceable agreement and then pose a question on the BBS as to what his or her rights might be.
In reality you have virtually no rights with respect to this alleged verbal agreement and you are now abiding on the seller's property merely
at his sufferance.
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