Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 6 years ago,

User Stats

21
Posts
2
Votes
David Jesse
  • Jax, FL
2
Votes |
21
Posts

Cancelling an offer that got accepted

David Jesse
  • Jax, FL
Posted

My offer got accepted on a duplex that has two tenants in it. But now after receiving the lease agreements, I see that the monthly price is different from what I was told initially. 

I still have not made any deposits and the contract I signed says the following

"If Buyer determines, in Buyer's sole discretion, that

the lease(s) or terms of occupancy are not acceptable to Buyer, Buyer may terminate this Contract by delivery

of written notice of such election to Seller within 5 days after receipt of the above items from Seller, and Buyer

shall be refunded the Deposit thereby releasing Buyer and Seller from all further obligations under this Contract."

So if I write to her in an email that I want to cancel. Would that be enough to get out of the contract?

Loading replies...