Legal Question in Real Estate Law in Florida
Broken Agreement
My boyfriend and I entered into a Lease Purchase Agreement together. Although my name does not appear on the original lease we wrote it to say either he or his partner could close on the property (at the time I was under contract with a Mortgage Broker and could not be on the Lease). I also have a signed letter from him indicating that even though my name does not appear on the Lease that I am in fact his partner in the Lease. I was suppose to close on the home because my credit is better than his but he decided to see if he could get qualified to purchase the home on his own without consulting me. He did qualify and has closed on the home and is now saying that he owns the home, I am renting from him and have no legal rights to the home. Since entering into the Agreement, the home has appreciated about $40,000.00. I would like to know if I have any legal rights to the equity in this home.
1 Answer from Attorneys
Re: Broken Agreement
In order to determine whether you have any recourse against your boyfriend due to his acquisition of the property without you, you should contact an attorney to review the Lease Purchase Agreement as well as the Side Agreement between you and your boyfriend. If the Agreements read together provide you with the right to acquire the property, you may have a cause of action against your boyfriend.