QUESTION
Do we have grounds to sue or get out of the contract?
Asked on Jan 19th, 2018 on Contracts - Pennsylvania
More details to this question:
I have signed a lease-purchase agreement with an option to buy a beachfront guesthouse. We signed the agreement on 12/30/17 and visited the property very shortly afterwards. Upon our visit, we were informed that a guest had died on the property just 2 weeks prior to signing the agreement. Not only did the owner of the property fail to disclose this information, she also made the staff promise not to tell us about the death. She went to great lengths to hide this information from us. Had we known about this, we would have negotiated a much lower price and/or backed out of the deal altogether. Do we have any legal recourse in this matter?
1 ANSWER
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I would suggest that you review your agreement and see what options it gives you to terminate the transaction. Usually real estate agreements speak to that issue. Most will allow you to terminate for good cause. Even without good cause, you might be able to terminate but lose your deposit money. The fact that someone died in the property previously does not necessarily mean you can terminate the transaction. If the property has some condition that makes living there hazardous to anyone, then that would be something different.
Answered on Jan 19th, 2018 at 12:50 PM