Topic: Tenants
I have renter property in Tennessee. The bank I am financing property sent a letter to me stating that property cannot be rented because I have a THDA Loan and must be owner occupied. The bank wants me either move back in, pay balance on loan or refinancE. I decided to refinance. My deadline is May 2nd. Now my tenants don't want to wait until I get refinanced and wants to move immediately. In the meantime tenants want to stay on property til they move and don't want to pay rent. Will the lease be considered voided because of situation? Do tenants have to pay rent while seeking other residence? Am I liable to return security dep. if tenant move before I get refinanced? HELP!!
Posted by: myhouse Memphis Relevant for: State Specific Post Tennessee 1 Replies 396 Views

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Posted by:disgrace Virginia568 Days Ago

If they are still living on the property they should pay rent.

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