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I wrote 169900 in a lease with an option to purchase instead…

Customer Question
I wrote 169900 in...

I wrote 169900 in a lease with an option to purchase instead of 269900. The renter now wants to enter a contract. Do I have options to void contract

Lawyer's Assistant: OK. The Real Estate Lawyer will need to help you with this. Have you consulted a lawyer yet?

No

Lawyer's Assistant: Please tell me everything you can about this issue so the Real Estate Lawyer can help you best. Please give me a bit more information, so we can help you best.

Renter entered into lease with option to buy. I in error put in the wrong price...100K under market price + or - 10K. Just notice it today and notified tenant..they are NOT happy of course.

Lawyer's Assistant: Is there anything else the Real Estate Lawyer should be aware of?

Don't know

Submitted: 2 years ago.Category: Real Estate Law
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Answered in 11 minutes by:
3/6/2016
Real Estate Lawyer: Andrea, Esq., Lawyer replied 2 years ago
Andrea, Esq.
Andrea, Esq., Lawyer
Category: Real Estate Law
Satisfied Customers: 12,554
Experience: I have practiced law for 25 yrs. with an emphasis on real estate, business law, criminal defense and family law.
Verified

Hi, I'm Andrea and I am one of the lawyers here on JustAnswer. I will be glad to Answer your question and the only thing I ask of you is that you leave a positive rating so that I receive credit for assisting you. Without a positive rating I will not receive credit for assisting you. This will not cost you anything more because you have already placed a deposit with JustAnswer. Fair enough ? First, let me ask you -

1. How long ago was the lease signed ?

2. Has the tenant moved in yet?

Thank you and I look forward to your reply,

ANDREA

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Real Estate Lawyer: Andrea, Esq., Lawyer replied 2 years ago

There are severable variables that might mitigate or negate this situation and I need more information. It would be most beneficial to you and could save you from a mistake that could cost you $100,000. I would need more information and I think that a telephone conversation would be a much better way to solve your problem and would give you the opportunity to ask whatever you needed in order to solve this problem. So, that is why I am suggesting that we speak on the telephone rather than go back and forth in writing which could take several hours. Please let me know if you agree and I will have JustAnswer send you an offer for "Additional Services". It would certainly be worth your while and could save you from this $100,000 mistake,

ANDREA

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DISCLAIMER: Answers from Experts on JustAnswer are not substitutes for the advice of an attorney. JustAnswer is a public forum and questions and responses are not private or confidential or protected by the attorney-client privilege. The Expert above is not your attorney, and the response above is not legal advice. You should not read this response to propose specific action or address specific circumstances, but only to give you a sense of general principles of law that might affect the situation you describe. Application of these general principles to particular circumstances must be done by a lawyer who has spoken with you in confidence, learned all relevant information, and explored various options. Before acting on these general principles, you should hire a lawyer licensed to practice law in the jurisdiction to which your question pertains.

The responses above are from individual Experts, not JustAnswer. The site and services are provided “as is”. To view the verified credential of an Expert, click on the “Verified” symbol in the Expert’s profile. This site is not for emergency questions which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service (last updated February 8, 2012).

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