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Real Estate
Reply to "Any way to enforce a verbal offer to lease?"
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[quote=Anonymous][quote=Anonymous]Contracts 101 - there needs to be consideration to make a binding contract - which means something of value had to be given by you in exchange for a promise. Did you pay her a deposit? If not you are out of luck even leaving aside the difficulties and limitations of enforcing a verbal contract.[/quote] That’s not what consideration means. The agreement to pay rent is consideration, as is the agreement to lease premises. However, the statute of fraud issue is real if the lease is for a year or more, as is the practical difficult of doing anything about a non written lease.[/quote]
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