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Hello,
I live in a 3 bedroom townhouse in the State of Virginia with two tenants. Our one year-lease ended on January 31st. At this time, one of the tenants decided to move out, another tenant moved in to take his spot. Our original move-in one year lease was signed in January 2011, then we signed a one-year extension addendum in December 2012. I've never met the landlord because she lives out of the country but her accountant takes care of all of the contracts for her.
He arrived the week before our one-year lease ended to have myself, the other renewing tenant, and the third new tenant sign a one year adendum to continue our lease. Unfortunatly, we made a mistake. The accountant was in a rush to come and go, and at first glance the adendum looked like a simple renewal with the dates. However, what I missed in the writing was that the rent per person had been increased. We had not previously had any communication with the accountant or landlord about an increased rent and the new tenant was only aware of the previous monthly rental price.
We recently received a notice from the accountant that our monthly payment was short which brought all of this to our attention. Below is the writing of the adendum:
Reference is made to a certain agreement by and between the undersigned parties, said agreement being dated 12/20/2012.
BE IT KNOWN that for good consideration the parties make the following additions or changes a part of said contract as if it contained therein: effective February 1, 2013 through January 31, 2014 the monthly rental installments will be $X,XXX each (with the 1st $X,XXX each) due February 1, 2012, no later than the 5th of each month. The new shall reimburse XXX his one month deposit in the amount of $X,XXX, provided there are no repair costs required other than for normal wear and tear.
All other terms and provisions of said contract shall remain in full force and effect.
Signed no later than 26th day of January, 2013.
In presence of
Tentant 1 Signature
Tenant 2 Signature
Tenant 3 Signature
Accountant Signature
Landlord Signature
A few things to note here...
-The first February payment date is incorrect because it says 2012 instead of 2013
-The amount it says the new tenant is the correct amount it says he owes the old tenant. The old tenant paid a smaller deposit, yet it says the new tenant is supposed to pay in the amount of one month's current rent price.
-The new tenant has not been given/nor seen a copy of the original contract from two years ago.
We obviously made a huge mistake here but are they any options for us or are we locked into this new rate?
I live in a 3 bedroom townhouse in the State of Virginia with two tenants. Our one year-lease ended on January 31st. At this time, one of the tenants decided to move out, another tenant moved in to take his spot. Our original move-in one year lease was signed in January 2011, then we signed a one-year extension addendum in December 2012. I've never met the landlord because she lives out of the country but her accountant takes care of all of the contracts for her.
He arrived the week before our one-year lease ended to have myself, the other renewing tenant, and the third new tenant sign a one year adendum to continue our lease. Unfortunatly, we made a mistake. The accountant was in a rush to come and go, and at first glance the adendum looked like a simple renewal with the dates. However, what I missed in the writing was that the rent per person had been increased. We had not previously had any communication with the accountant or landlord about an increased rent and the new tenant was only aware of the previous monthly rental price.
We recently received a notice from the accountant that our monthly payment was short which brought all of this to our attention. Below is the writing of the adendum:
Reference is made to a certain agreement by and between the undersigned parties, said agreement being dated 12/20/2012.
BE IT KNOWN that for good consideration the parties make the following additions or changes a part of said contract as if it contained therein: effective February 1, 2013 through January 31, 2014 the monthly rental installments will be $X,XXX each (with the 1st $X,XXX each) due February 1, 2012, no later than the 5th of each month. The new shall reimburse XXX his one month deposit in the amount of $X,XXX, provided there are no repair costs required other than for normal wear and tear.
All other terms and provisions of said contract shall remain in full force and effect.
Signed no later than 26th day of January, 2013.
In presence of
Tentant 1 Signature
Tenant 2 Signature
Tenant 3 Signature
Accountant Signature
Landlord Signature
A few things to note here...
-The first February payment date is incorrect because it says 2012 instead of 2013
-The amount it says the new tenant is the correct amount it says he owes the old tenant. The old tenant paid a smaller deposit, yet it says the new tenant is supposed to pay in the amount of one month's current rent price.
-The new tenant has not been given/nor seen a copy of the original contract from two years ago.
We obviously made a huge mistake here but are they any options for us or are we locked into this new rate?
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