The
MANUFACTURED HOUSING GLOBAL NETWORK
Home     Privacy & Security     Contact Us    
 
What do you want to know about manufactured housing?
Manufactured Housing Web Search
Home Search     Forum Search     Business Search    


Financing   Buy A Home Sell A Home Repair & Renovation Free Classifieds   Forums Books Insurance

Real Estate Attorney Winnemucca NV

Commonly, options are used in leases in which the landlord gives the tenant an option to buy the property. Read the following article to learn all about different real estate options you can purchse.

O. Kent Maher
(775) 623-5277
Suite 1, Professional Building, 33 West Fourth Street, P.O. Box 351
Winnemucca, NV
 
Ronald D. Alling
(775) 588-6676
P.O. Box 3390
Lake Tahoe, NV
Specialties
Estate Planning, Trusts, Probate, Real Estate, Corporate
Education
McGeorge School of Law, University of the Pacific,St Mary's College of California
State Licensing
Nevada

Michael James Melarkey
(775) 333-0300
4795 Caughlin Parkway, Suite 100
Reno, NV
Specialties
Estate Planning, Business, Gaming, Real Estate, Public Finance
Education
New York University School of Law,University of San Francisco School of Law,University of Nevada-Ren
State Licensing
Nevada

Andrew Henry Pastwick
(702) 794-4411
4560 S Decatur Blvd Ste 201
Las Vegas, NV
Specialties
Real Estate
Education
Arizona State University Col
Suny At Buffalo
State Licensing
California

Brian Patrick Ring
(775) 588-7300
P O Box 12219
Zephyr Cove, NV
Specialties
Real Estate
Education
Emory Univ SOL,Columbia Univ
State Licensing
California

Kyle B. Swanson
(775) 623-4599
530 Melarkey Street, Suite 209
Winnemucca, NV
 
Marc Terry Markwell
(775) 250-4275
4845 Rock Wren Cir
Reno, NV
Specialties
Real Estate
Education
McGeorge SOL Univ of the Pacific,Univ of Nevada
State Licensing
California

Michael Merrick Miles
(702) 868-7514
100 City Pkwy Ste 1750
Las Vegas, NV
Specialties
Litigation, Real Estate, Commercial
Education
Ucla Sol,Univ of California Berkeley
State Licensing
California

Chet A. Glover
(702) 562-3301
3425 Cliff Shadows Parkway
Las Vegas, NV
Specialties
Litigation, Personal Injury, Construction, Medical Malpractice, Real Estate
Education
University of Utah S.J. Quinney College of Law,Weber State University
State Licensing
Nevada

Kimberly R McGhee
(702) 562-8820
8984 Spanish Ridge Ave.
Las Vegas, NV
Specialties
Real Estate, Litigation, Family, Defective & Dangerous Products, Guardianship
Education
California Western School of Law,University of California
State Licensing
Nevada

Real Estate Options to Purchase

Real Estate Options To Purchase
Sat 07/04/09 08:54:18 pm
by Laine Wagenseller

"An option is a contract by which the owner of property invests another with the exclusive right to purchase said property at a stipulated sum within a limited or reasonable time in the future." Nattress & Associates v. Cidco (1986) 184 Cal.App.3d 55, 66. Donald Trump used an option to purchase the Hotel Commodore at Grand Central Terminal, his ground breaking first deal at 27 years old. More commonly, options are used in leases in which the landlord gives the tenant an option to buy the property.   For example, the AIR Option to Purchase form provides that the lessee must provide written notice within a certain time period (i.e., April 1, 2004 to April 30, 2006), with the option expiring at the end of the option period. The form also sets forth the price, the escrow agent, a time period in which to close the sale and other instructions. After exercising an option, the parties should then enter into a Purchase & Sale Agreement, which addresses in more detail all of the minutiae of the sale transaction.   An Option is Irrevocable
An option supported by consideration (even $1) is an irrevocable offer, open for a prescribed period. The acceptance must be in accordance with the terms of the option agreement and must be in accordance with the terms of the option agreement and must be free of conditions which the optionor is not bound to perform. Riverside Fence Co. v. Novak (1969) 273 Cal.App.2d 656, 660. The exercise of an option is merely the communicated election of the optionee to accept the option. Id.at 661. It is important to recognize that, in terms of the formation of a contract, an option is a contract. Therefore, the "offer" (option) is truly irrevocable and merely awaits acceptance.
  A Qualified or Conditional Acceptance
What is the effect of an acceptance which adds additional terms or is made conditional? "Any tender of performance is ineffective if it imposes conditions upon its acceptance which the offeror is not entitled to demand." Riverside Fence Co., supra., at 662. However, the fact that a purported acceptance adds a qualification to the agreed-upon option does not in and of itself terminate the option. As long as the option period has not yet expired, a party may still exercise the option without qualification or condition (even though a prior [ineffective] acceptance may have added such qualifications). Again, the option is truly irrevocable.
  The courts have explained that "if the person offering to perform is acting in good faith, and makes the mistake of demanding something to which he is not entitled, he ought to be given the same opportunity to recede from such demand that he is allowed for tendering the correct amount where he has tendered too little, or the right thing where he has tendered the wrong thing..." Nattress & Associates, supra., at 67.   Waiver of...

Click here to read the rest of the article from mobilehome.com


© Copyright 2008 Express Network Solutions
Manufactured Housing Global Network

Page Cached @ Tuesday, 18th January, 2011 @ 02:00am

Served by checkov .xpr.com
@ 02:01:59