Thanks Calgirl67. We have been there and done that...I would like "some people" to post a reply as to why they think it's OK to LIE to a prospective tenant ? We are all on here talking about those immoral banks, yet some people advocate rather immoral and unethical practices themselves. Kinda ironic isn't it..? We all know what it says about Karma, don't we ?? And they can change the verbiage all they want...It's still lying..Oh, but that's right, according to some, we have the wrong attitude. We should advocate screwing other people..I totally agree Desert. I will be extremely pissed if my rental home goes into foreclosure. Number 1 reason for us is we have 22 mths until we can buy again on a VA loan. We took a 1 yr lease, renewable for another year then month to month. It cost us $4000 to move in, another $800 in moving costs plus utilitiy hook ups, new locks for front doors, all sorts of expenses.
In Dec next year we go month to month. Which will suit us perfectly as we shop for a new home. If our current rental forecloses, we will be forced to take another 12 mth lease somewhere else, and most rentals around here require you renew for another 12 mths at a time, not month to month, which would totally mess up our house hunting plans and timeline.
One of the reasons we took this house was the property manager inserting verbiage stating we could go month to month after 2 x 1 yr leases, after we requested such terms.
As a responsible tenant who pays their rent on time every month, and upholds our end of the bargain by maintaining the property, I do not expect to be screwed over by my landlord. I had the bank to do that ! Also I do not want to spend another $5000 + moving yet again because someone took my rent money and pocketed it instead of paying their mortage, and didn't even bother to tell me we were going to get kicked out due to no fault of our own.