Real Estate Law

Have real estate law questions? Ask a real estate lawyer.

Ask a Lawyer,
Get an Answer ASAP!

This answer was rated:

I'm in a lease option to buy contact I would like to get out…

I'm in a lease...

I'm in a lease option to buy contact I would like to get out of it how do I go about it

Lawyer's Assistant: What steps have you taken so far? Have you prepared or filed any paperwork?

No trying to figure it out out now so I have all my ducks in a row

Lawyer's Assistant: Where is the property located?

Evansville Indiana

Lawyer's Assistant: Anything else you want the lawyer to know before I connect you?

Newburgh Indiana

Show More
Show Less
Ask Your Own Real Estate Law Question
Answered in 1 minute by:
3/28/2018
Nisha Jones
Category: Real Estate Law
Satisfied Customers: 3,490
Experience: Managing Attorney at Nisha Jones Law, LLC
Verified

Good afternoon, I am an attorney expert with the JustAnswer website, and former Prosecutor for the State Attorney's Office. I have a near 100% customer satisfaction rate, and I'll be answering your questions today. JustAnswer provides general legal information only and does not constitute legal advice. Please allow me just a few minutes to review your question, thank you!

Ask Your Own Real Estate Law Question

Does your lease contain an early termination clause?

Ask Your Own Real Estate Law Question
Customer reply replied 4 months ago
Ok

Does your lease contain an early termination clause?

Ask Your Own Real Estate Law Question
Customer reply replied 4 months ago
Not that I have seen

How long was your lease term contracted for?

Ask Your Own Real Estate Law Question
Customer reply replied 4 months ago
30 years

My apologies for any inconvenience, but I'll need to opt out of your question, and another attorney expert can assist you.

Ask Your Own Real Estate Law Question
Customer reply replied 4 months ago
Ok thanks
DamienJD
DamienJD, Lawyer
Category: Real Estate Law
Satisfied Customers: 5,430
Experience: Attorney. Well versed, understanding, friendly
Verified

Hello. My name is***** am an attorney.

Is this for a piece of real estate such as a home. Are you the tenant in the home or the seller of the home. You say is for 30 years. Have all payments been made? Possibly, you can expand on what is happening. It may be hard to get out of the lease but we can explore more about it.

Ask Your Own Real Estate Law Question
Customer reply replied 4 months ago
In is for a home in a park and I am the buyer and I've only had it for 2 years

I see. Hold, please.

Ask Your Own Real Estate Law Question

Does the agreement state what happens if you default on the payments?

Ask Your Own Real Estate Law Question
Customer reply replied 4 months ago
Did you get the files
Customer reply replied 4 months ago
I sent

They are too hard to read because they are sideways. But section 11 B says what can happen if you default. It's too hard for me to read. In any event, that provision appears to set forth what will happen.

If you want to discuss this more, let me know. If you want to attempt to write that provision so I can read it, you can do that also.

Ask Your Own Real Estate Law Question
Customer reply replied 4 months ago
Upon the occurrence of any default listed above lesser May exercise any and all of the following remedies lesser may use traditional processes repossess the manufactured home and thereafter remove and store any of the lessees personal property and lessees expense lesser made terminate the lease as of the date of such default and declare all rent which would have been do Under the balance of the term to be immediate due and payable whereupon lessees shall be obligated to pay the same to lesser together with all loss or damage with lesser May sustained by reason of such termination including but not limited to attorney fees advertising releasing costs and expenses it be expressly understood that agreed that the liabilities and remedies specified in this subsection shall survive the termination of the lease or lesser shall have the right to all damage and exercise All rights and remedies available at law or in equity and not exclusive

Okay. So, it looks like the worse case scenario is that the buyer would be responsible for the whole amount of the rent throughout the lease term and also fees and costs.

That amount could be mitigated (meaning lessened) if there is someone who is willing to purchase the property. And the plaintiff would have to prove damages. Also, the return of the property would offset some damages it would seem. There could be some defenses also, as the agreement is rather unconscionable (not reasonable). Still, this would all have to be determined in court.

So, it will be at the discretion of the Judge how much you would be responsible to pay.

It would be nice if you had someone to take it over or if you could work out something with the seller.

We can discuss this more if you want to do so.

If you have further questions or you need further assistance, just let me know.

If not, please remember to rate my answer between 3 to 5 stars without any additional costs to you. That is how I get credit for answering your question. Best regards.

DamienJD
DamienJD, Lawyer
Category: Real Estate Law
Satisfied Customers: 5,430
Experience: Attorney. Well versed, understanding, friendly
Verified
DamienJD and 87 other Real Estate Law Specialists are ready to help you
Ask your own question now
Customer reply replied 4 months ago
Ok thanks I will

You are welcome.

Ask Your Own Real Estate Law Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a real estate lawyerLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask DamienJD Your Own Question
DamienJD
DamienJD
DamienJD, Lawyer
Category: Real Estate Law
Satisfied Customers: 5,430
5,430 Satisfied Customers
Experience: Attorney. Well versed, understanding, friendly

DamienJD is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

Mr. Kaplun clearly had an exceptional understanding of the issue and was able to explain it concisely. I would recommend JustAnswer to anyone. Great service that lives up to its promises!

Gary B.Edmond, OK

My Expert was fast and seemed to have the answer to my taser question at the tips of her fingers. Communication was excellent. I left feeling confident in her answer.

EricRedwood City, CA

I am very pleased with JustAnswer as a place to go for divorce or criminal law knowledge and insight.

MichaelWichita, KS

PaulMJD helped me with questions I had regarding an urgent legal matter. His answers were excellent.

Three H.Houston, TX

Anne was extremely helpful. Her information put me in the right direction for action that kept me legal, possible saving me a ton of money in the future. Thank you again, Anne!!

ElaineAtlanta, GA

It worked great. I had the facts and I presented them to my ex-landlord and she folded and returned my deposit. The 50 bucks I spent with you solved my problem.

TonyApopka, FL

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

< Previous | Next >

Meet the Experts:

Barrister

Barrister

Lawyer

12,142 satisfied customers

17 years real estate, Realtor. Landlord 26 years

Infolawyer

Infolawyer

Lawyer

8,377 satisfied customers

Experienced lawyer

Ray

Ray

Lawyer

8,253 satisfied customers

Texas Attorney for 30 years dealing in real estate

LawTalk

LawTalk

Attorney

6,208 satisfied customers

I have 30 years legal experience. Additionally, in CA I held a Real Estate Broker's license.

Dimitry Esquire

Dimitry Esquire

Attorney

5,526 satisfied customers

JA Mentor, multiple jurisdictions, specialize in business/contract disputes, estate creation & admin

Ely

Ely

Counselor at Law

4,998 satisfied customers

Qualified attorney in private practice including business, family, criminal, and real estate issues.

P. Simmons

P. Simmons

Lawyer

3,572 satisfied customers

12+ yrs. of experience including real estate law.

< Previous | Next >

Related Real Estate Law Questions
Our daughter is going back to college in Evansville,
Our daughter is going back to college in Evansville, Indiana. She are her former bunk mate decided to get an apartment off campus. My daughter signed her part of the lease and left a deposit. Her bunk… read more
LegalKnowledge
LegalKnowledge
Juris Doctor
30,965 satisfied customers
I have a real estate problem. Just bought a house, and I
I have a real estate problem. Just bought a house, and I believe the sellers lied in the disclosures. … read more
Ray
Ray
Lawyer
Doctoral Degree
8,253 satisfied customers
Is this free of charge assistance? Next page? I've prepared
i've prepared a thirty day notice to quit (move out). will attempt to hand deliver today, but she has been avoiding me. … read more
Bruce Schreiber
Bruce Schreiber
Juris Doctor
844 satisfied customers
I've found an ideal land deal in a prime location I'd like
I've found an ideal land deal in a prime location I'd like to buy and develop for $300K. I'd like to, in time, build 3 quadplexes on the land and rent out the units. I'm not selling any of them. Howev… read more
DamienJD
DamienJD
Lawyer
Doctoral Degree
5,430 satisfied customers
I have a lease/buy tenant renting my house in Indiana. He
I have a lease/buy tenant renting my house in Indiana. He has been there almost ten years and has about $12,000 toward the purchase price ($100/mo.) He has been promising to purchase the home, but can… read more
LawTalk
LawTalk
Attorney
Juris Doctor
6,208 satisfied customers
Are there any unwritten provisions that would entitle a
Are there any unwritten provisions that would entitle a lessee to receive deposits back if sales contract is not successfully completed by lessee? Lessee has lost employment and will not be able to se… read more
Barrister
Barrister
Lawyer
Doctoral Degree
12,142 satisfied customers
Renter wants to buy dad's house. Bad credit - under 600.
Renter wants to buy dad's house. Bad credit - under 600. Can't get loan. Thinking about owner financing. Not doing 30, I'll be dead by then. Thinking about 15-20. What is the going rate for home loans… read more
Barrister
Barrister
Lawyer
Doctoral Degree
12,142 satisfied customers
Hello there......I have some excellent tenants in a commercial
Hello there......I have some excellent tenants in a commercial property in Sherwood,Oregon.They are in the fourth year of a 5 year lease.They always pay rent early and take immaculate care of the prop… read more
LawTalk
LawTalk
Attorney
Juris Doctor
6,208 satisfied customers
Hello, Im interested in getting out of a lease, either
Hello, I'm interested in getting out of a lease, either by subleasing my apartment or buying out the lease (both are covered in the lease agreement). I'm motivated to get out of the lease early due to… read more
Barrister
Barrister
Lawyer
Doctoral Degree
12,142 satisfied customers
Trying to decide what to do on a piece of property. I am a
Trying to decide what to do on a piece of property. I am a dentist in Washington state. First time home buyer. I own a house in town that I bought 2 years ago with a conventional loan through Bank of … read more
Mark Anderson
Mark Anderson
Attorney
Doctoral Degree
10 satisfied customers
Hello, My daughter is handicapp and receiving SSI. She is
Hello, My daughter is handicapp and receiving SSI. She is also getting section 8 housing assistance. 2 yrs ago, because of safety issues, I have had to move into her apartment as her caregiver. I am w… read more
Legalease
Legalease
Attorney At Law
Doctor of Law w/ highest honors
15,719 satisfied customers
My husband and I moved into a house back in 2006. the house
My husband and I moved into a house back in 2006. the house belongs to a friend of ours. the lease agreement states we will live and pay for the rent on the house until we can buy it. we cannot qualif… read more
LawGuy
LawGuy
Juris Doctor
123 satisfied customers
I am supposed to be closing friday on a house in MI. recevd
I am supposed to be closing friday on a house in MI. recevd a call from my agent stating the sellers dont have money for closing. they are trying to back out of the deal. i am going through a separati… read more
LawTalk
LawTalk
Attorney
Juris Doctor
6,208 satisfied customers
I have been renting a house for a little over 1 1/2 half years
I have been renting a house for a little over 1 1/2 half years now, and just bought my first house and I'm planning on moving in 30 days. Origianlly i signed an official lease with my landlord and wen… read more
P. Simmons
P. Simmons
Lawyer
Doctoral Degree
3,572 satisfied customers
need to know what legal right in Evansville, In a friend has
need to know what legal right in Evansville, In a friend has as far as being a renter. Landlord is not fixing things that need to be fixed still demanding his money. But putting her and her kids in un… read more
socrateaser
socrateaser
1,031 satisfied customers
I have a friend who got a divorce, bought a house and got a
I have a friend who got a divorce, bought a house and got a loan at 5%. You know the story, abusive relationship-he handled all of the money. Her ex left her with $20,000 in debt, so to protect her cr… read more
Ray
Ray
Lawyer
Doctoral Degree
8,253 satisfied customers
the home i am renting is being forclosed. The landlord has ...
the home i am renting is being forclosed. The landlord has not made morgage payment since Nov. I signed lease in jan. can i get out of the lease, with out tainting my name. i understand i need to cont… read more
Roger
Roger
Litigation Attorney
Doctoral Degree
26,939 satisfied customers
I want to buy a new house and sell my old house. The ...
I want to buy a new house and sell my old house. The housing market in my area is at a standstill. The question is, if i buy a new house and cant sell my old house and my old house is forclosed on, wh… read more
maureen
maureen
Bachelor's Degree
36 satisfied customers

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).

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).

Show MoreShow Less

Ask Your Question

x