Legal Question in Real Estate Law in Illinois
Signed Rental Contract
I just signed a Rental Contract with Option to buy the home on Monday, 4/21/08. I am having second thoughts. Can I get out of the contract?
Asked on 4/23/08, 7:39 pm
2 Answers from Attorneys
Thomas Moens
Moens Law Offices, Chartered
Re: Signed Rental Contract
It would depend on the terms of the agreement you signed. There is no "right" to "get out" of contracts, except in very limited circumstances, e.g., refinancing your residence, some door to door sales. Generally, once you sign, you are obligated.
Answered on 4/24/08, 9:50 am
Nicholas Chrisos
Nicholas G. Chrisos Attorney at Law
Re: Signed Rental Contract
I'd have to see the terms of the Agreement, but probably not. Now, that's a separate question from what you might owe if you breach the Agreement. In other words, it may be worth it to you to breach the deal rather than get into an Agreement that will cause you problems down the road.
Answered on 4/24/08, 1:21 pm
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