At the same time, Mr. Halpin and the Hendersons allegedly entered into an oral agreement for renovations to be performed to the Lincoln property. The details of the work to be performed were not established by the evidence in this case. The renovation was to be completed by May 1, 2008, and the Hendersons would each be paid $3000 per month. Additionally, during that two-month period, the Hendersons were to reside at the *Page 3
Lincoln property. At trial, Mr. Halpin testified that the Hendersons presented an itemized renovation budget totaling $58,000, but after making several concessions, the budget was verbally lowered to $50,000. Mr. Halpin's understanding was that once renovations were completed, the property would either be sold for profit, or the Hendersons would continue living there and assume responsibility for the costs of carrying the property, including payment of the monthly mortgage obligations. However, aside from the lease agreement, nothing was memorialized in writing.