[RPPTL LandTen] Security Deposits on Condo Rentals

[Arlene C. Udick]

It is poorly written, but I read it to mean that within the first 5 years of
the lease the landlord will sell the property to the tenant for the price of
$2,000,000.00, so long as he has not already sold it to someone else.
Arlene

 

 

Arlene C. Udick, Esq.

P.O. Box 2094

The Villages, FL 32158-2094

(O) 352-391-1888

(F) 352-391-9128

 

EMAIL CONFIDENTIALITY:  The information contained in this electronic message
may contain attorney-client privilege and confidential information intended
only for use of the owner of the email address listed as the recipient of
this message.  If you are not the intended recipient of this email message
you are hereby notified that any disclosure, dissemination, distribution, or
copying of this information is strictly prohibited.  If you have received
this email in error, please notify the sender by return email and/or by
telephone at 352-391-1888.    

 

 

 

 

From: landten-bounces at lists.flabarrpptl.org
[mailto:landten-bounces at lists.flabarrpptl.org] On Behalf Of Charles Levin
Sent: Thursday, April 21, 2011 11:18 AM
To: RPPTL Landlord Tenant Committee
Subject: Re: [RPPTL LandTen] Security Deposits on Condo Rentals

 

Good morning!  I am wondering what you all think about the enforceability by
the tenant of the following clause found in a lease.  (I represent the
landlord.)

 

35. TENANT'S OPTION TO PURCHASE. Landlord agrees to sell Tenant the Premises
for the

total amount of $2,000,000. The option must be exercised within the initial
five-year term of

the Lease. This option is in no way restrictive or to be considered as a
right of first refusal,

contract or binding agreement keeping the Landlord from selling said
property to anyone else at

any time during the lease term, for any amount.

 

Thank you,

 

Charles J. Levin

Attorney at Law

Post Office Box 342727

Tampa, FL 33694

Telephone 813-963-5135

 

CONFIDENTIALITY NOTICE: Information contained in this e-mail transmission is
privileged, confidential and protected by the Electronic Communications
Privacy Act, 18 U.S.C. Sections 2510-2521. If you are not the intended
recipient, do not read, distribute, or reproduce this transmission. If you
have received this e-mail transmission in error, please notify the sender
immediately by return e-mail, delete the message, and return any hard copy
print-outs. No legal advice is being provided or implied via this e-mail
transmission unless you are a client of the sender and an intended
recipient. If you properly received this e-mail as a client, co-counsel or
retained expert of Charles J. Levin, P.A., you should maintain its contents
in confidence in order to preserve the attorney-client or work product
privilege that may be available to protect confidentiality. CIRCULAR 230
DISCLOSURE: Any advice contained in this e-mail transmission (including any
attachments) is not intended or written to be used, and cannot be used, for
the purpose of avoiding tax penalties that may be imposed on any taxpayer.  

 

NOT BINDING: Anything in this email or attachments to the contrary
notwithstanding, reference to terms and conditions relating to the subject
matter in this, previous and subsequent emails and attachments are for
ongoing non-binding discussions and negotiations only and do not constitute
an agreement or an offer to enter into an agreement. The submission of
imbedded or attached documents shall not support a claim of promissory
estoppel or reliance. Neither party shall have any obligation to negotiate
the terms of a possible agreement and may withdraw from negotiations at any
time for any reason or for no reason without liability to the other party.
Terms and conditions are strictly "subject to contract" and are not binding
on the writer or clients until a single formal written contract has been
completed and a paper document has been signed and delivered by all parties.
No emails, attachments or facsimile versions of any document or any oral
statements will be binding. 

 

 

-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://mailman.fsr.com/mailman/private/landten/attachments/20110421/c18ea9bc/attachment.html