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If the offer or contract was prepared by a competent real estate agent or attorney, it should contain a number of stipulations that allow you to back out. For example, if the house is appraised for less than the offer price, if the home inspection reveals problems,if you fail to sell your current home or if your mortgage is not approved. Otherwise, if you fail to deliver on your end of the agreement, you will forfeit any earnest money and may be sued for damages. I would consult an attorney about your specific situation - this could get very expensive.
Wiki User
∙ 18y ago
Wiki User
∙ 7y agoThat will be specified in the contract. If it is a lease, you may break the lease if the house is not livable, or by following the terms in the lease.
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Dealership wants to resign contract after 10 days?
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Absolutely not legal.
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You can resign in a number of ways. You can talk to your HR department or your manager. You can also write a letter of resignation. These are all legal ways to resign.
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It depends on the terms of your contract.
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A legal contract is binding. If you break the contract without having the legal right to do so as set in the terms of the contract or by having the contract declared void by a court, the other party has the right to sue you in order to be compensated for the value of the contract.
You are renting a house and owner signed a contract stating she would sell and owner finance the house after one year. She will not honor the contract. What can you do?
Read your contract. Any legal recourse you may have must be recited in the contract. If you're not sure then you should have the contract reviewed by an attorney who specializes in real estate law. You may be able to force the sale or sue for breach of contract.
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No, you have a contract and the only way to change it is for both parties to agree to the change.
