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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">When the parties signed the purchase contract, I think that they waived by mutual agreement (as shown by the signing of the purchase contract) any claim
that the option wasn’t properly exercised. The parties would be estopped to deny the option exercise and the purchase contract as the parties have changed their positions (extending closing for financing) in reliance upon the option exercise and purchase
contract. Re-exercising the option leads to two purchase contracts unless the parties agree in writing that the first purchase contract is void.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">I think that, after reviewing the purchase contract and its enforceability, you have to decide what’s in your client’s best interests: enforcing the purchase
contract or mutually voiding it and starting all over.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">Michael Geo. F. Davis<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">Attorney at Law<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">The MGFD Law Firm PA<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">Countryside Colonial Center<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">2753 SR 580, Suite 209<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">Clearwater, FL 33761-3351<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">P 727-726-1900<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">F 727-726-7440<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">mike@mgfdlaw.com<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D">Primary Eservice: eservice@mgfdlaw.com<o:p></o:p></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""> landten-bounces@lists.flabarrpptl.org [mailto:landten-bounces@lists.flabarrpptl.org]
<b>On Behalf Of </b>David Weisman<br>
<b>Sent:</b> Wednesday, June 24, 2015 8:26 AM<br>
<b>To:</b> 'RPPTL Landlord Tenant Committee'<br>
<b>Subject:</b> Re: [RPPTL LandTen] N-1003 - Landlord Tenant Committee: Landlord tenant issue<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<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.
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<div>
<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"><o:p></o:p></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"><o:p></o:p></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"><o:p></o:p></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"><o:p></o:p></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"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#1F497D">Phone 954-491-1120
<b>Ext. 1015</b></span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#1F497D">Direct Phone 954-343-6941</span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#1F497D">Direct Fax 954-343-6942<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:10.5pt;font-family:"Arial","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:14.0pt;font-family:"Arial","sans-serif";color:#1F497D"><img width="272" height="52" id="Picture_x0020_2" src="cid:image001.jpg@01D0AE58.6D64EBF0" alt="cid:image006.jpg@01CF99C8.29DF4240"></span><span style="font-size:12.0pt;font-family:"Times New Roman","serif";color:#1F497D"><o:p></o:p></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">landten-bounces@lists.flabarrpptl.org</a> [<a href="mailto:landten-bounces@lists.flabarrpptl.org">mailto: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<o:p></o:p></span></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="color:#1F497D">With the passage of time has the window to exercise the option lapsed?
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="color:#1F497D"><o:p> </o:p></span></p>
<div>
<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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<b>Lloyd Granet</b> | Board Certified Real Estate Attorney<br>
Law Offices of Lloyd Granet, P.A.<br>
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Direct Dial: (561) 999-0090<br>
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<div style="border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in">
<p class="MsoNormal"><b>From:</b> <a href="mailto:landten-bounces@lists.flabarrpptl.org">
landten-bounces@lists.flabarrpptl.org</a> [<a href="mailto:landten-bounces@lists.flabarrpptl.org">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<o:p></o:p></p>
</div>
</div>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Bookman Old Style","serif""><o:p> </o:p></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<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Bookman Old Style","serif""><o:p> </o:p></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.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Bookman Old Style","serif""><o:p> </o:p></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<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:22.0pt;font-family:"Times New Roman","serif""><o:p> </o:p></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" id="Picture_x0020_1" src="cid:image002.jpg@01D0AE58.6D64EBF0" alt="Udick Law Logo_sig"></span><span style="font-size:12.0pt;font-family:"Times New Roman","serif""><o:p></o:p></span></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Tahoma","sans-serif";color:#0D60BB">Arlene C. Udick, Esq.<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Tahoma","sans-serif";color:#0D60BB">(p) 352-391-1888<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Tahoma","sans-serif";color:#0D60BB">(c) 352-217-3176<o:p></o:p></span></b></p>
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