Waste by parol purchaser - Liability for rent

Any person going into possession of land under a parol agreement to purchase, which agreement is subsequently avoided by the person, is liable for waste committed during the person's possession, as well as for reasonable rent. Code 1858, § 3405 (deriv. Acts 1831, ch. 66, § 1); Shan., § 5160; Code 1932, § 9319; T.C.A. (orig. ed.), § 23-2901. Any person going into possession of land under a parol agreement to purchase, which agreement is subsequently avoided by the person, is liable for waste committed during the person's possession, as well as for reasonable rent. Code 1858, § 3405 (deriv. Acts 1831, ch. 66, § 1); Shan., § 5160; Code 1932, § 9319; T.C.A. (orig. ed.), § 23-2901.