gregorygarver.com

CharlesE · Joined: 12 Oct 2006 Posts: 4

Just entered in to a lease option, very basic contract without legal loopholes, and this house has some significnat problems. We knoew of the basic ones as we walked through and viewed the house for leasing. However, Now that we have spent a week here, some HUGE problems are creeping out. The air conditioning system does not work properly, the Piers & Beams are rotted and some termite eaten, some even showing sign of where part of the house has burned before. As with most real estate selling transactions, disclosure should have been done. Do I have grounds to back out with such major issues as previous fire and major termite damage now being prevalent without disclosure having been done?

EctoGirl · Joined: 22 Oct 2006 Posts: 5

Do I have grounds to back out with such major issues as previous fire and major termite damage now being prevalent without disclosure having been done? YES. THERE ARE 'LEMON LAW' TYPES FOR HOUSES AS WELL. RESEARCH YOUR LOCAL LAWS.

kutekymmee · Joined: 01 Nov 2006 Posts: 5

I would say you do. Major issues like fire and termite damage should have been disclosed. You should be able to back out with no penalty.

edwardI · Joined: 10 Nov 2006 Posts: 3

"Lease" You may not be able to break a lease unless it's unlivable."/Option" Just what it says, OPTION. You do not have to act on the option.Under a lease the owner has to keep all appliances operable. Write a letter and call. If no response in a few days, 10 at most, write another letter with 10 days to reply, registered, with return receipt. Keep copies of those letters.This will be important legally.Repeat, You do not have to act on the option.