Id I purchase a form can it be modified to meet my needs?
Full Question:
We have a verbal agreement to lease-to-purchase a home in St Johns County, FL. I will purchase the package for lease-option. This package includes language stipulating a purchase date. The seller and we are in agreement to extend the lease period without sacrificing the down payment as follows:
1. Purchase contingent upon bank appraisal of the full purchase price and seller financing with 20% down payment at prevailing interest rates.
2. Additional down payment of $10,000 is due every six months from the original purchase date in order to extend the purchase date.
3. Seller may terminate the option to purchase if buyer is unable to acquire financing by the purchase date or purchase date extension, with three months' notice to buyer. Seller will return down payment funds to buyer, less one month's lease payment of $4,000. Can a lawyer reduce these agreements to a clause or addendum we can incorporate into the lease option agreement?
05/12/2009 |
Category: Forms |
State: Florida |
#16655
Answer:
We can have a lawyer draft such a clause to meet your specifications. The charge would be $95. Please let me know if you would like us to do so and I will send your request to the drafting department immediatey.