Legal Question in Real Estate Law in Florida
Seller to back out of a contract
What are the legal aspects that a seller can back out of a contract? The contract has no closing dates on it, but it does state if that the buyer does must provide the approciate information within 5 days. The buyer has already stated he is willing to back out, but won't give any letter of release for 30 days. Does he legally have 30 days to do a letter of release?
1 Answer from Attorneys
Re: Seller to back out of a contract
NOTE: This communication is not intended as and should not be interpreted as legal advice. Rather, it is intended solely as a general discussion of legal principles. You should not rely on or take action based on this communication without first presenting ALL relevant details to a competent attorney in your jurisdiction and then receiving the attorney's individualized advice for you. By reading the "Response" to your question or comment, you agree that the opinion expressed is not intended to, nor does it, create any attorney-client relationship, nor does it constitute legal advice to any person reviewing such information, nor will it be considered an attorney-client privileged communication. If you do not agree, then stop right here, and do not read any further.
Without reading the agreement, I cannot provide any viable response. You should meet with a real estate attorney who can review the contract and advise you of your legal rights and responsibilities.
Scott R. Jay, Esq.
Related Questions & Answers
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
