[RPPTL LandTen] N-1003 - Landlord Tenant Committee: Landlord tenant issue

Wed Jun 24 05:33:55 PDT 2015

It appears to me the option has not been exercised.  Instead a separate
offer to purchase was extended by buyer one month early before the option
could be exercised and the parties entered into negotiations. Unless there
was a cover letter from buyer saying the option was being exercised a month
early than allowed and seller agreed to that by working on the agreement.

Sent from my mobile device.
On Jun 24, 2015 8:26 AM, "David Weisman" <David.Weisman at gmlaw.com> wrote:

>  It seems that the option has been exercised and the parties would be
> governed by the contract. Unless the terms provide for a continuing option,
> I think that once it is exercised it has been used and no longer exists.
> One bite at the apple.
>
>
>
> *David  Weisman*
>
> Board Certified Real Estate Lawyer
>
> Greenspoon Marder, P.A.
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> 200 E. Broward Blvd., Suite 1800
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>
>
> *From:* landten-bounces at lists.flabarrpptl.org [mailto:
> landten-bounces at lists.flabarrpptl.org] *On Behalf Of *Lloyd Granet
> *Sent:* Wednesday, June 24, 2015 7:39 AM
> *To:* RPPTL Landlord Tenant Committee
> *Subject:* Re: [RPPTL LandTen] N-1003 - Landlord Tenant Committee:
> Landlord tenant issue
>
>
>
> With the passage of time has the window to exercise the option lapsed?
>
>
>
> This email message was sent by:
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> *From:* landten-bounces at lists.flabarrpptl.org [
> mailto:landten-bounces at lists.flabarrpptl.org
> <landten-bounces at lists.flabarrpptl.org>] *On Behalf Of *Arlene Udick
> *Sent:* Tuesday, June 23, 2015 6:44 PM
> *To:* RPPTL Landlord Tenant Committee
> *Subject:* N-1003 - Landlord Tenant Committee: [RPPTL LandTen] Landlord
> tenant issue
>
>
>
>
>
> 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
>
>
>
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> *Arlene C. Udick, Esq.*
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