[RPPTL LandTen] Landlord tenant issue

[Arlene Udick]

Dear wise brothers and sister in law, I need your wisdom in this situation

I represent a party who signed a lease option.  Lease is for six months, lessee can exercise his option at any time between month 3 and month 5 of the lease.  Lessee exercised his option during month 2 by presenting a purchase contract which all parties signed.  Though the parties agree on the business terms the buyer's attorney is trying to rewrite the process of how the closing will take place. So far the buyer has asked for 3 extensions to the closing but has failed to meet any of them.  The actions of the buyer seem that the buyer is trying to back out of the purchase without saying so.  The buyer insists that he still wants to buy, but his behavior indicates otherwise.

Can the lessee present a second exercise of his option and restart the negotiations all over or do you only get one exercise per option agreement? Do we have a valid option agreement?  What happens if the situation between the parties break down?  It almost looks like my client is being set up for a breach.  Any insight or advice is appreciated.   Thanks for your help.  Arlene

[Udick Law Logo_sig]

Arlene C. Udick, Esq.
(p) 352-391-1888
(c) 352-217-3176

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