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Breach of contract
Genie13109
Posts: 1 Newbie
I have a landlord who agreed in contract to sell us a house by this May. We were expected to pay for an appraisal which would determine the purchase price. Since the housing market has plummetted, he has balked and is now insisting we pay a significantly higher price than it would be appraised for. His purchase price is very unrealistic now. Does this qualify as breaching his contract? It doesn't make any sense to pay rent for a house he obviously is not going to sell us now(even though it's written in black and white). Can we legally be relieved of this contract??
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Comments
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depends what the contract actually says. you probably need a solicitor to look at it.0
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Why doesnt make sense to pay rent to live in a house, simply because you won't be buying it?"You were only supposed to blow the bl**dy doors off!!"0
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Buy another house then!Freedom is not worth having if it does not include the freedom to make mistakes.0
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depends what the contract actually says. you probably need a solicitor to look at it.
That's right - get a solicitor to look at it. If the "contract" that you say exists doesn't have a fixed price in it, then it must have a watertight method of determining what the price should be. This could be something like that if no agreement is made about the price within a certain period it is to be decided by a surveyor appointed by the President of the RICS.
However, I would strongly suspect that the "contract" is much vaguer and doesn't contain a legally binding obligation at all. You will only know if a solicitor checks it for you.RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0
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