My husband and I are buying a house. Originally the sellers said they wanted to do a lease back. (Where they rent there house back from us after we buy for a month) Both sides have signed all the contracts and it is supposed to be final. Now they say they don't want to do it and want to move out at the close of Escrow. We want them to stay for the month they leased they are trying to get out of the contract by saying the wording does not obligate them to stay. It's a Coldwell banker contract. Can they really get out of it? My real estate agent says no but it could go to Arbitration....Only answer if you know about this stuff...
2007-05-30 09:10:54 · 2 answers · asked by Nicolleta 2 in Politics & Government ➔ Law & Ethics
A Contract is just that for those reasons,they can't all of a sudden back out of it unless you consent to it ( then you would have to draw up a different agreement). Because everything is a done deal and they have to stick to it legally or you can take them to small claims court and they will have to pay the lease money anyway whether they live there or not.
2007-05-30 09:23:03 · answer #1 · answered by 24Special 5 · 1⤊ 0⤋
I know about this stuff, but without reading your contract (and possibly some state law that might bear on the matter) the only answer to your question is "maybe".
This is yet another reason to involve an attorney when you buy or sell a house. You're dealing with contracts. If there were never a dispute over what contracts mean, Man would have never invented ink and paper to write them down.
2007-05-30 09:19:08 · answer #2 · answered by open4one 7 · 0⤊ 0⤋