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.
General Landlording & Rental Properties
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 10 years ago, 01/16/2015

User Stats

1
Posts
0
Votes
Connie Tan
  • Broadalbin, NY
0
Votes |
1
Posts

Renter did not sign the lease but confirmed the agreement by email and payment

Connie Tan
  • Broadalbin, NY
Posted

In May, my renter and I agreed to add a purchase option to the lease so they would have the exclusive right to purchase my house at a set price within a year.  In return, they had to give me $2k+ non-refundable funds.  They emailed me acknowledging receiving the lease and agreed to sign (I have copies of the emails).  They also subsequently deposited the exact amount of funds to my account.  Now, 6 months later, the husband is in jail and the wife realizes that they won't be able to get the loan and she wants to apply the $2K to her rent.  And she told me that she purposely did not send back the signed lease so she could back out from the agreement and get the money back.  The house is located in a summer rental area so the real estate market is practically dead until May/June.

My question: do I have a binding agreement?

Thank you for your help!

Loading replies...