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Updated over 5 years ago,

User Stats

11
Posts
3
Votes
Kimberly Norris
  • Property Manager
  • Johnson City, TN
3
Votes |
11
Posts

Lease option and renter trying to back out

Kimberly Norris
  • Property Manager
  • Johnson City, TN
Posted

I’m needing some advice please. We have a house that we did a lease option to purchase almost 2 years ago and the contract expires in two months. The renter is trying to back out. He is stating he needs a “newer home” and can’t get “financing”. We had him sign a contract that specifically states he will “forfeit the non refundable option to purchase” if he does not purchase the property. Now he is asking for it back...any suggestions? Thank you in advance!!!

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