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Updated over 1 year ago, 06/21/2023
In danger of breaching contract to deliver vacant
Hey everyone,
Just wanted to cut to the chase, the rider was signed to deliver the property vacant (my mistake). We just finished the inspection phase and at this point under contract my tenants don’t believe they can move out by the closing date at the end of this month. We are exploring the cash for keys option but the tenants aren’t sure if they can find another place in time and have the unit cleared by then. So I can’t guarantee to the buyers when the property can be delivered vacant.
Do I have any other options? Is this something buyers would sue for if it’s even worth filing a lawsuit?
Looking for advice. Thank you!