Legal Question in Real Estate Law in New Jersey
Option to Buy
If a lease agreement with a tenant includes the statement ''Option to Buy'', but with no additional details (No time frame or price) or an option contract - can this be enforceable in court? Additional info, optionee did not ''officially'' exercise the option in writing nor verbal.
Asked on 3/25/09, 3:32 pm
1 Answer from Attorneys
Walter LeVine
Walter D. LeVine, Esq.
Re: Option to Buy
Difficult to reply without seeing the language used in the document. If you could provide the language to me, a better reply will follow my receipt. Generally, this could be enforeceable, if there are any terms and conditions (not specifics) and all have been met.
Answered on 3/26/09, 12:48 pm
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.
