QUESTION
Do I have to sell my house to the investor that I signed an residential Lease Agreement with Purchase Option.
Asked on Aug 14th, 2014 on Residential Real Estate - Colorado
More details to this question:
It was a rent to own agreement where we agreed on a price. He would sub let the house.Sell it to the tenant for a higher price, and keep the difference as his profit. I have decided to keep the house. The agreement states that closing of title shall occur on or before the expiration ofthe lease.
1 ANSWER
3 Awards
Has the optionor demanded a closing date? Has he in any other way breached the agreement?
Does the agreement provide any other means of your canceling the option?
I recommend that you contact an attorney to discuss this issue and examine the documents.
Good Luck!
Answered on Aug 14th, 2014 at 12:33 PM
Call Don at (303) 688-0944 or email at Reception@RobinsonandHenry.com This information is provided AS IS; and does not create Client Relationship.