Fayetteville, NC asked in Contracts and Real Estate Law for North Carolina

Q: I have farmland I want to sell, presently rented to potential buyer. Rent is due in October for this year. If he buys,

He wants to include the rent as part of the price we discussed. I say no, we've had this rental agreement for yrs & that agreement has nothing to do with the price of the land . If he buys he still owes me rent for land he has farmed and sold his crop for this yr. What say you?

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1 Lawyer Answer
Bruce Alexander Minnick
Bruce Alexander Minnick
Answered

A: This is not a legal question; it is a business question--the answer to which is entirely in your capable hands.

As a practical matter, I have seen many clients lose great opportunities to sell their property by "waiting for the top eighth.'

IMO, insisting on all the rent between now and October may cause your willing buyer to clam up and leave you empty handed, and forced to keep looking for another buyer.

And if that happens you may see the current willing buyer show up again--in October--offering a lesser amount.

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