Home Buying in Norcross>Question Details

Chie Worthy, Home Buyer in 30093

I've entered into agreement with an owner to lease to purchase his home. The deal was for no down or 2

Asked by Chie Worthy, 30093 Wed Aug 20, 2008

months leasing I would make repairs to livablity & he'd pay for all materials. Good for first month, but now I'm purchasing materials for pay against rent, he's only written out a renters lease for us, stating he doesn't know what price to give the home until I've finished the work on the home. He's owing us $800 for materials now. I had him sign a contract that my work is to be of equal monetary value at purchase or if not bought to be given to me. He signs the Rent lease perfectly, yet on this one I had him sign his name is illegible. Would this hold up in a court of law if I have to take this guy to court?

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I'm a little confused by your question, but I'll try to help. It sounds like you entered into a lease agreement for the home, and you are planning on purchasing the home eventually. The price, however, is up in the air. Essentially, the owner will set the price based on how well you do in fixing the home. So, it seems to me that it behooves you to not really do any repairs while you're in there. I will say, thought, that in the future I would suggest not entering into any agreements until all aspects of it are covered. I would also have him narrow down a price now, or go ahead and find a new place and move. Since you don't have any money down, it wouldn't really matter. He also has the option of letting you fix the place up really well, and then not selling to you - or selling for way above market value, take it or leave it. This is the kind of thing that a realtor would have been able to help you avoid....

As far as the illegible signature, yes, it should be fine. You would just have to be able to show that he signed it, not necessarily that he has the ability to write legibly. My signature looks nothing like my name. Ever. As far as the rest of it, I'm not convinced. I may have an attorney look at it to determine where you really stand.
1 vote Thank Flag Link Wed Aug 20, 2008
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