Legal Question in Real Estate Law in California
leases
we are in a lease with the option to buy agreement.. the agreement is the house will be sold as is for $365,000. We have been paying $2000 a month in rent with $350 going toward the down payment. We have been approved for $370000, and are in the apprasial stage now... if the house doesnt appraise at the value she wants to sell it for and she isnt willing to sell it at the fair market value are we entilted to get all of our down payment back?
Asked on 5/26/07, 4:31 am
1 Answer from Attorneys
Bryan Whipple
Bryan R. R. Whipple, Attorney at Law
Re: leases
I believe this question was asked twice. Please see my detailed answer to your later version of the question.
Answered on 5/26/07, 12:26 pm