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Re: Cash settlement by landlord for vacating -- best way to arrange it

Posted by Lurker-Owner on January 04, 2002 at 12:44:36:

In Reply to: Re: Cash settlement by landlord for vacating -- best way to arrange it posted by Cranky Tenant on January 03, 2002 at 15:23:10:

: I would strongly suggest considering where you want to go and what you intend to do with the money. Having a lawyer handle buy outs is probably a good idea and you might want to consult with an accountant. There are tax benefits to owning a home. It's possible you might be able to offset the tax if you decide to purchase something within a set amount of time.

Good advice. Just one comment: For a routine buy-out, don't hire a lawyer on contingency. I have dealt with at least one well-known tenant lawyer who has done so. When it didn't look like he would get a deal from us, he seemed more interested in getting paid then representing his clients' best interests (we did a deal at our price).

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