Can You Terminate Your Property Contract? The Serious Risks of Defaulting Under a Contract
Can You Terminate Your Property Contract? The Serious Risks of Defaulting Under a Contract
So, you entered a contract to purchase/sell a property and now you want to terminate. The main question is, are you able to terminate the contract?
The answer is yes you can, theoretically, terminate at any time before settlement. However, you need to consider whether terminating is...
Change Of Mind – Can you Withdraw your Offer to Sell or Purchase a Property?
The fear of missing out is real and there is a large possibility for buyers and sellers to get swept under the high of signing a contract. Often a couple of days later a buyer may have doubts and want to back out of the contract. It is good to know if and when you can back out of a contract and what the ramifications may be.
Before the Contract is Entered into – Withdrawal of...
When should a Lessee Renew their Lease Option?
Leases often come with a possibility to extend the lease for a certain period of time. This is considered a lease option period and if the lessee wants to pursue extending their lease, there will be obligations and deadlines the lessee must achieve to be granted the lease extension.
Renewal Requirements
Note that a renewal option is not an inherent right...