[WSBARP] unique provision of a purchase and sale agreement.
Kristina Driessen
kristina at rdattys.comcastbiz.net
Wed Jun 5 12:40:26 PDT 2019
I have a purchase and sale agreement dated 1997. The provision essentially states that the seller will have the ability to re-purchase "improvements' of the property at "some future time." The buyer was to give notice to seller if and when he ever had plans to remove the improvements/home [family home of seller]. The transaction closed. However, the agreement stated that this provision will
would survive closing.
The property was a home and lot. The value was in the land as it is deemed commercial. However, the buyer had the full ability to use the home/improvements until he elected to remove to build a commercial structure.
As one would guess the buyer tore the house down with out any notice to seller. This occurred in the last few month.
So we are looking at a situation 12 years post closing. Thoughts ?..........and/or does the statute of limitations prohibit
Kristina A. Driessen
Attorney at Law
"A" Street Legal Services, Inc. P.S.
16 A Street SE,
Auburn, WA 98002
Office: 253-939-0811
Website: astreetlegalservices. com
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