Legal Question in Real Estate Law in Georgia
Real Estate/Contract Law
I signed a real estate lease with an option to purchase. In signing the lease I was lead to believe that the lessor/grantor owned the property as stated in the lease and option to purchase. I now find out that they do not own property and that they have in fact sub-leased the property to me with an option to purchase. And that the mortgage on the property was past due and is possibly subject to foreclosure. Can this lease and option be voided on the basis that the agreement was entered into by acts of fraud and misrepresentation in order to have my option to purchase fee refunded
2 Answers from Attorneys
Re: Real Estate/Contract Law
Yes. You should consult an attorney for the best way to go about this, what other causes of action you may have, and to advise you further if your lessor refuses to comply.
Re: Real Estate/Contract Law
Not only fraud and misrepresentation, but also the lack of the grantor's legal capacity to transder title. Consult with a local attorney.
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