Skip to main content

I think realtor trying to screw me on early termination

We had a 1 year lease for our warehouse and expanded very quickly. We're about to sign a lease on a larger place. I asked realtor for current place if we could do 30 day notice and pay 3 month penalty to get out of our lease. We have 6 months left, so we'd move out at 5 months left and pay 3/5. He said via email that yes LL agrees to that.

I email him yesterday and said we want to exercise that agreement and sign it ASAP so we can do April 1st moveout. No response. Call him today, he says he'll get to it early next week. I tell him that would be too late if we were sticking to the "30 day notice". He starts to get annoyed and says I can get my own lawyer to draft it. I say sure, who do I send it to so it'll get signed quicker.... he mutters for a second and say that won't actually speed it up. WHAT LOL.

He was being extremely friendly a few days earlier when the idea of me resigning with them was still on the table, shocking!

It sounds like he's going to try to delay it and/or simply not give it to me now that he knows I'll be in another lease and they have nothing to gain by the gesture of letting me out a bit early.

Is the email of him saying LL agrees to those terms binding in any way? Like, if I go ahead and sign this new lease under the presumption that I was given information they'd be executing on the early termination clause, do I have any recourse?

If he ends up giving the agreement to me on the 3rd and saying "oh yeah sorry you have to stay until May 1st now", do I just have to suck it up and pay the extra month?

submitted by /u/mydeepestthoughts55
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ltb79s/i_think_realtor_trying_to_screw_me_on_early/

Comments

Popular posts from this blog

Aren't comps/CMAs useless with buyer credits at close happening now?

I'm looking into buying a new construction townhouse in my HCOL US city. I'm seeing builders offering interest rate buydowns worth $20k-$60k on $800k homes (rather than just lowering prices) in order to keep their comps high for their other units, now that buyer demand has been declining. I asked my agent about these, and he said these buydowns aren't even the full story: buyers can write all kinds of other credits into an offer, like their closing costs, prepaid sewer fees, etc. Apparently cash buyers can just write in a "buyer credit at close" for any amount in their offer. So a new townhouse that appeared to sell for $800k in the MLS might have actually been a cash offer with a $100k+ buyer credit at close, meaning the buyer only spent $700k or less in total, but to the rest of the world they can only see the $800k! So that made me realize I can't trust comps/CMAs for other new construction townhouses. The sales prices could be way lower than they appear...

Obtaining a real estate license as a hobby?

Hello, I am 24 years old - 2 years out of college and I have my main job. I was looking to get a real estate license (in California if location matters) as a hobby/for fun since I like real estate ever since I was in high school. In the past 2 years, I would go to open house in the weekends to look at homes for fun. I don’t plan to practice real estate full time as I have my main job but I am curious are there any benefits to this? In the future, I plan to own multiple properties and have rentals, so I was wondering if getting a real estate license can help me with it? Thanks submitted by /u/AlohVera [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1f0qx9i/obtaining_a_real_estate_license_as_a_hobby/

Advice? Moved out of my primary residence and now renting

I moved out of the house I own in August 2021, I lived there for 8 years, I have been renting an apartment the past 3 years and renting out my house. My current tenant is moving out in September. I seem to have just missed the living 2 years out of 5 years rule for being exempt from capital gains tax and my house being a primary home. Any advice on what the best thing to do would be moving forward? Continue to rent out my house? I'm happy with my rental, but wouldn't mind buying another property down the road. I could sell my house down the road and try to do a 1031 exchange? Moving back in my house isn't ideal because it's an hour away from where I currently live. I could take a HELOC perhaps and try to buy another property and continue renting for the long term? I do have a 2.4% mortgage rate on the house so I don't mind keeping it for a while. Thanks for everyone's advice. submitted by /u/Ok-Top-7859 [link] [comments] source https://www.reddit.co...