Legal Question in Real Estate Law in California
We executed a property management, and listing agreement with the owner of an apartment building. The purpose of the property management agreement was to get the apartment building occupied (there were 8 vacancies, and two tenants that needed to be evicted) so we could get the highest sale price. The building is now ready for sale and the Seller will not let us put the property on the market and said she wants to get an appraisal and doesn�t know if he wants to sell it with us. He screams at us every time we talk about it. He is old and seems out of it mentally at times but he is sharp as a tack when reviewing management statements.
What steps should I take to enforce the listing agreement? Should I just put the property on the market (mls, internet sites, etc?)? Start sending in offers? I�ve sent her a letter stating she�s breached our agreement and it was delivered via certified mail. I am just not sure what else to do and the listing expires August 1st.
Any advice is appreciated.
1 Answer from Attorneys
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