Real Estate/Development
Feb. 5, 2010
Rent Overpayments: Return to Sender?
Laws governing overpayments are evolving; landlords and tenants need to be aware of their rights, write William Faulkner and Tyler Atkinson of McManis Faulkner.
By William Faulkner and Tyler Atkinson
For a tenant, a lease is a major operational expense, and for a landlord, a source of revenue. Although a written lease may appear straightforward, the agreement itself is rather complex. Adding to the complexity, the current economy is leading to continued rate negotiations, contract changes in regard to sublets and the departure of tenants. As such, it is not uncommon for payments to be made based on old contracts, making regular r...
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