Wednesday, November 26, 2014

i have a lease purchase option agreement and have given my landlord over 11 thousand dollars four thousand in rent and seven thousand for a ...

Question

i have a lease purchase option agreement and have given my landlord over 11 thousand dollars four thousand in rent and seven thousand for a down payment now she says that my down payment was late and that it is too late to exercise my lease purchase option and wants to keep the seven thousand raise the price of the property and make me sign a new lease she has already taken my money and i tried to exercise my option by calling her months ago and sending her two letters i have had no response until yesterday i also tried getting in touch with the real estate agent that handled this but he was on vacation till now i want them to keep the terms of our agreement as of now we should be exchanging the title and i should only owe 28 thousand dollars but they want to make it 38 thousand



Answer

You need to have your lease option purchase agreement reviewed by an attorney as soon as possible. You are not clear on details, such as whether time was of the essence, or whether you were even late with the down payment as required.



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