Q: I have a rent to own agreement and the landlord wants me to sign a new lease. How long do I have to respond?
We started a business and My father in law agreed to sign on the mortgage in order for me to start this farmstead bed and breakfast business. I have been paying the bank directly for the last 5 years and have completed tens of thousands of dollars of improvements and repairs. They are trying to change the terms to a landlord lease agreement. We are weeks away from completing the remodels and opening our business, in the new lease they are attempting to change the entire agreement and double the rents and get me to agree to giving them ownership and control of all the remodels and out buildings we have built and paid for. How long do I have to respond with a counter offer.
A: There is no set time except for any set forth in the offer. An offer may be withdrawn if not accepted within that period. However, the real issue here is for you to take steps to enforce your original agreement. Alternatively, you may have a claim for unjust enrichment. You should retain an attorney to review that agreement and advise you.
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