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If I have a option to buy lease, does that make the house mine

1 Answers. Asked on Dec 14th, 2016 on Contracts - New Jersey
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I am signed for aren't to own property. I bought the option to buy. And signed a rental agreement starting Dec 1st 2016. We are still currently unable to move into the house. What legal actions are available to me
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Answered on Dec 16th, 2016 at 6:34 AM

If you are not living in the house, then the seller has not complied with the terms of the contract and is in breach of that contract.  You could temrinate the contract, or at the very least get damages for not being able to occupy the property. 

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Most people and business enter into contracts on almost a daily basis. Simply put, a contract is a legally binding agreement between two parties. One party makes an offer to do something in exchange for "consideration," or payment, and the other party accepts that offer. Contacts can be verbal, in writing or even implied. Some contracts--such as signed credit card receipts--are very simple. Others--such as those used to buy or sell real estate--are far more complicated. If you are entering into a complex transaction, it pays to hire a contract law attorney as early as possible in the process. Your lawyer can help negotiate the terms and conditions of the agreement, then draft the contract or review the contract that has been presented to you. Law firms with experience in contract law can also defend you if you or your company has been accused of breaching a contract, or if you need assistance enforcing a existing contract.
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