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I had a verbal agreement to rent my son's condo u .. irst, and his wife wants the money. What do I do?
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I had a verbal agreement to rent my son's condo until I died. He died first, and his wife wants the money. What do I do?

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          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
"For Love & Money" answers your relationship and money questions. This week, a reader made a verbal agreement to rent their son's condo for $200,000.
The article on MSN discusses a situation where a mother had a verbal agreement with her son to live rent-free in his condo until her death. Unfortunately, her son passed away before her, and now his widow is demanding rent from the mother. The mother, who is on a fixed income, cannot afford the rent and is unsure of her legal standing since there was no written agreement. The article explores the legal implications of verbal agreements, the potential for misunderstandings or miscommunications in such arrangements, and offers advice on how the mother might proceed, including seeking legal counsel to understand her rights and possibly negotiating with her daughter-in-law. It highlights the importance of having written agreements to avoid such conflicts, especially in matters involving property and family.

Read the Full Insider Article at:
[ https://www.msn.com/en-us/money/personalfinance/i-had-a-verbal-agreement-to-rent-my-son-s-condo-until-i-died-he-died-first-and-his-wife-wants-the-money-what-do-i-do/ar-AA1Ay8km ]