B
butterfly3
Guest
- Jurisdiction
- Alabama
My husband and I own a home that we were trying to sell and we thought we had a buyer. We signed a 3 month Lease/option to buy with someone with no money down on April 25, 2016.This person was suppose to pay $500. a month starting on the 5th of May, 2016 and exercise their option of $1000. by the 25th, of July 2016. This person paid rent for the month of May but has not paid June,July or exercised their option. I consulted with a lawyer and she wrote a letter for me to post on their door to cure default within 30 days and to exercise their option by August the 10, 2016. My question is: If they pay the rent and give us the option money, are we bound to the contract to let them stay there until their loan is approved and processed? Which they have not even started yet. Can we not give them a termination of lease and or a non-renewal lease with certain days to vacate premises after the thirty days? They have breached contract by not paying and by refurbishing inside of home without our permission as the contract states. We have been through a lot of aggravation and worry we don't want to wait another 3- 6 months to see if they come through with their loan. Also, I don't really want to evict them unless there is no other way, which will cost a lot of money and could be a long process.What can we do???