Legal Question in Real Estate Law in New Jersey

It depends. Letters of Intent may be interpreted as contracts, depending on the language and terms in the letter. You should consult a real estate lawyer in your area for help in determining your rights.

This response is not legal advice, since I do not have all of the information that would be required, and I do not have a representation agreement with you.

* If the answers to your question confirm that you have a valid issue or worthwhile claim, your next step should almost always be to establish a dialog with a lawyer who can provide specific advice to you. Contact a lawyer in your county or township.

* Another reason for contacting a lawyer is that it is often impossible to give a good answer in the Internet Q&A format without having more information. The unique circumstances of your situation and things that you may not have thought to mention in your question may completely change the answer. If you want to be sure that you have a complete answer to your question and an understanding of what that answer means, establish a connection with a lawyer who practices in the area of your concern.

You really are asking a very specific question. The answer is that it will depend on what the document says, what the conditions are that must be met. It might be binding or it might not. You will need a lawyer to look it over for you to answer your questions.

I do this work, and would be happy to help you. 201 820 3460.