Real Estate Law
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They are in default. One, they have not paid timely and they have not attempted to sell it. Notwithstanding the one small sentence, they have failed to perform as promised and thus defaulted under the contract. So, you have the right to: i) terminate this contract; ii) sue them for your damages; and iii) if they are occupying their house terminate their tenancy. If someone else is renting through them and are month to month tenants, you can terminate the tenancy by giving written notice of 30 days; and if the third party is renting pursuant to a lease, you can terminate the lease at the end of the lease term. Once you terminate the defaulting party, you can notify the current tenant that all rent is to be paid to you as owner. So, bot***** *****ne, is that you have all the leverage over this defaulting party.
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