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DRAFT FOR ATTORNEY REVIEW — NOT FINAL

Otey v. Wiley, 519 S.W.3d 515 (2017)

Citation
Otey v. Wiley, 519 S.W.3d 515 (2017)
Parent Document
Otey v. Wiley, 519 S.W.3d 515 (2017)
Jurisdiction
Missouri (state)
Effective Date
2017-05-23

Full Text

604 chars
Here, Otey was bound by the terms of the lease agreement already in place when he acquired title to the property. Although not a purchaser in the traditional sense, prior to January 2015, Lloyd was obligated to pay the mortgage on the property and *519was granted the right to exclusively possess the property. It was not until the final judgment in the quiet title action, and upon payment of $10,000 to Lloyd, that title was transferred and Otey became the sole owner of the property. At that point, Otey acquired the right to collect rent from Wiley, the lessee, under the terms of the existing lease.