What to do if you have entered a lease purchase agreement that is not being honored?
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What to do if you have entered a lease purchase agreement that is not being honored?
I am renting to buy a house that I’m living in now. The lady that I’m buying it from asked for $5,000 down and $450 a month until paid off. I am caught up on my rent. I have a paper stating how much I pay a month, how much I paid for the down payment, and what she was selling the house for. It has both mine and my husband’s signatures ,and hers. I just found out that a realtor was coming to look at my house to put it back on the market. I want to know how can this lady do this if I’m up to date on my rent and I’m buying this house, and have the paperwork to prove it. Is this illegal? What can I do?
Asked on April 15, 2011 under Real Estate Law, Georgia
Answers:
S.L,. Member, California Bar / FreeAdvice Contributing Attorney
Answered 13 years ago | Contributor
You could sue the seller for breach of contract (the lease/purchase agreement). The remedy to seek in your lawsuit for breach of contract would be specific performance. Specific performance would enforce the contract by requiring the seller to comply with the terms of the lease/purchase agreement.
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