Legal Question in Real Estate Law in California
House has not cleared escrow can a binding lease agreement be entered upon. landlord claims he can initiate a binding agreement prior to possession. is this true.
Asked on 9/11/09, 2:50 am
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Sure, a binding lease agreement could be entered into, but it would have to contain a clause making the landlord's coming into lawful possession a condition precedent. I suppose in the eyes of some a contract containing a condition precedent is not "binding," but I think most lawyers would say the contract (or lease) was binding despite having one (or more) conditions precedent. Such a condition is really just one more contract term.
Answered on 9/14/09, 5:48 pm