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Old 02-02-2005, 08:52 PM
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Angry

Addendum to an Offer To Purchase


What is the name of your state?What is the name of your state? Wisconsin

I sold a duplex that we owned to a party as a cash sale. The Offer to Purchase was sent to me and in the area of the form Line 180-Additional provisions/Contingencies I (the seller) added the following statement: "current tenants shall receive a minimum 6-month notice to vacate from closing date (10/29/2004), current rent amount to be in effect for same time frame".
I signed the Offer to Purchase and we closed on Oct. 29, 2004. Now the owner has sent eviction notices to both tenants and gave them until feb. 28, 2005 to vacate the property.
Would this action be seen as a breach of the contract (offer to Purchase)? and allow me to seek compensation for the tenants who will have to move out in a time frame they were not planning on. They had plans to leave by April 28, 2005 (per the addendum to the offer to purchase)???
  #2  
Old 02-03-2005, 08:36 AM
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Join Date: May 2000
Location: Catatonic State
Posts: 75,781
Quote:
Originally Posted by Joseph D. Oven
What is the name of your state?What is the name of your state? Wisconsin

I sold a duplex that we owned to a party as a cash sale. The Offer to Purchase was sent to me and in the area of the form Line 180-Additional provisions/Contingencies I (the seller) added the following statement: "current tenants shall receive a minimum 6-month notice to vacate from closing date (10/29/2004), current rent amount to be in effect for same time frame".
I signed the Offer to Purchase and we closed on Oct. 29, 2004. Now the owner has sent eviction notices to both tenants and gave them until feb. 28, 2005 to vacate the property.
Would this action be seen as a breach of the contract (offer to Purchase)? and allow me to seek compensation for the tenants who will have to move out in a time frame they were not planning on. They had plans to leave by April 28, 2005 (per the addendum to the offer to purchase)???
**A: you did it all wrong. You should have signed leases with the tenants and provided copies of said leases with the purchase contract addendum. That way the tenants would be protected. Now your only option would be to sue for breach of contract. You could not sue on behalf of the tenants since you have no legal standing as a tenant.
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