<p dir="ltr">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. <br></p>
<p dir="ltr">Sent from my mobile device.</p>
<div class="gmail_quote">On Jun 24, 2015 8:26 AM, "David Weisman" <<a href="mailto:David.Weisman@gmlaw.com">David.Weisman@gmlaw.com</a>> wrote:<br type="attribution"><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";color:#1f497d">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.
<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";color:#1f497d"><u></u> <u></u></span></p>
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<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Arial","sans-serif";color:#1f497d">David Weisman</span></b><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1f497d"><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#1f497d">Board Certified Real Estate Lawyer</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1f497d"><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#1f497d">Greenspoon Marder, P.A.</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1f497d"><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#1f497d">200 E. Broward Blvd., Suite 1800</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1f497d"><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#1f497d">Fort Lauderdale, FL 33301
</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1f497d"><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#1f497d">Phone <a href="tel:954-491-1120" value="+19544911120" target="_blank">954-491-1120</a>
<b>Ext. 1015</b></span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1f497d"><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#1f497d">Direct Phone <a href="tel:954-343-6941" value="+19543436941" target="_blank">954-343-6941</a></span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1f497d"><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#1f497d">Direct Fax <a href="tel:954-343-6942" value="+19543436942" target="_blank">954-343-6942</a><u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#1f497d"><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial","sans-serif";color:#1f497d"><img width="272" height="52" src="cid:image002.jpg@01D0AE57.64028960" alt="cid:image006.jpg@01CF99C8.29DF4240"></span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1f497d"><u></u><u></u></span></p>
</div>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";color:#1f497d"><u></u> <u></u></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> <a href="mailto:landten-bounces@lists.flabarrpptl.org" target="_blank">landten-bounces@lists.flabarrpptl.org</a> [mailto:<a href="mailto:landten-bounces@lists.flabarrpptl.org" target="_blank">landten-bounces@lists.flabarrpptl.org</a>]
<b>On Behalf Of </b>Lloyd Granet<br>
<b>Sent:</b> Wednesday, June 24, 2015 7:39 AM<br>
<b>To:</b> RPPTL Landlord Tenant Committee<br>
<b>Subject:</b> Re: [RPPTL LandTen] N-1003 - Landlord Tenant Committee: Landlord tenant issue<u></u><u></u></span></p>
</div>
</div>
<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><span style="color:#1f497d">With the passage of time has the window to exercise the option lapsed?
<u></u><u></u></span></p>
<p class="MsoNormal"><span style="color:#1f497d"><u></u> <u></u></span></p>
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<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-size:10.0pt;font-family:"Times New Roman","serif";color:#1f497d">This email message was sent by:<br>
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<p class="MsoNormal"><b>From:</b> <a href="mailto:landten-bounces@lists.flabarrpptl.org" target="_blank">
landten-bounces@lists.flabarrpptl.org</a> [<a href="mailto:landten-bounces@lists.flabarrpptl.org" target="_blank">mailto:landten-bounces@lists.flabarrpptl.org</a>]
<b>On Behalf Of </b>Arlene Udick<br>
<b>Sent:</b> Tuesday, June 23, 2015 6:44 PM<br>
<b>To:</b> RPPTL Landlord Tenant Committee<br>
<b>Subject:</b> N-1003 - Landlord Tenant Committee: [RPPTL LandTen] Landlord tenant issue<u></u><u></u></p>
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<p class="MsoNormal"><u></u> <u></u></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Bookman Old Style","serif""><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Bookman Old Style","serif"">Dear wise brothers and sister in law, I need your wisdom in this situation<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Bookman Old Style","serif""><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Bookman Old Style","serif"">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.<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Bookman Old Style","serif""><u></u> <u></u></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Bookman Old Style","serif"">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<u></u><u></u></span></p>
<p class="MsoNormal"><span style="font-size:22.0pt;font-family:"Times New Roman","serif""><u></u> <u></u></span></p>
<p class="MsoNormal" style="margin-bottom:12.0pt"><span style="font-size:22.0pt;font-family:"Times New Roman","serif""><img border="0" width="125" height="69" src="cid:image003.jpg@01D0AE57.64028960" alt="Udick Law Logo_sig"></span><span style="font-size:12.0pt;font-family:"Times New Roman","serif""><u></u><u></u></span></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Tahoma","sans-serif";color:#0d60bb">Arlene C. Udick, Esq.<u></u><u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Tahoma","sans-serif";color:#0d60bb">(p) <a href="tel:352-391-1888" value="+13523911888" target="_blank">352-391-1888</a><u></u><u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Tahoma","sans-serif";color:#0d60bb">(c) <a href="tel:352-217-3176" value="+13522173176" target="_blank">352-217-3176</a><u></u><u></u></span></b></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Tahoma","sans-serif";color:#0d60bb"><u></u> <u></u></span></b></p>
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