Legal Question in Real Estate Law in Missouri
hello, i am currently in a option to purchase lease with my landlord and of course you know the market is in a slump. Well I got approved for a loan and the landlord do not want to sell now since the house will not appraise at what she want. I now want to break my lease because I found another house to buy, I want to know what can I do if she is the one renege on her part of the deal in the lease.
1 Answer from Attorneys
If you lease/purchase agrement allows you to buy at any time you want pror to a cetain date, then you need only inform yoru landlord that you are ready to buy, and have them back out. Hopefully, yoru agrement sets the sales price. To get a more specific advice, you will have to work directly with an attorney that has access to your lease and purchase agreement(s)
Good luck
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