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?
- Category: Forms
- Date:
- State: Florida
Answer:
Yes, a lawyer can draft a clause or addendum to reflect your agreements. The cost for this service would be $95. If you would like to proceed, please let me know, and I will forward your request to the drafting department immediately.This content is for informational purposes only and is not legal advice. Legal statutes mentioned reflect the law at the time the content was written and may no longer be current. Always verify the latest version of the law before relying on it.