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Re: rent with an option

Posted by me again on January 21, 2002 at 16:13:36:

In Reply to: Re: rent with an option posted by mac on January 21, 2002 at 10:20:37:

: NO, if the option to buy is still valid, and has not expired and you have it in writing, and if your rent is current.

: YES, if its verbal or you have not paid your rent on time, since it is usualy written in the contract, that late payments will void the option to buy, and you would become a month to month tenant subject to a 30 day eviction notice.

:
: : Is It legal for a landlord to change his mind to sell property

just to extend on what mac said, if ALL contingencies specified in the option are still valid, then the option is still valid. 'i changed my mind' or, 'i can get more for it now' is not enough of a reason.

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