Posts Tagged ‘verbal agreement’
Can homebuyer take back verbal OK to cancel contract?
Question: Last month, I listed my Sun City home for sale to move to Utah to live with my son’s family. An investor buyer immediately offered to buy my home for my list price of $420,000, so I accepted. Since that time, I have had nothing but arguments with my son’s wife, and I no longer…
Read MoreCommercial Tenant Not Paying Rent
Question: My family owns a small shopping center in Apache Junction. Two years ago, we verbally entered into a month-to-month lease with a beauty salon. Although we intended to have a written lease agreement, we never did. Until this month the beauty salon always paid the rent on time, but this month the owners are…
Read MoreCourt of Appeals Approves Verbal Co-Broker Referral Agreement if Performed Within One Year
On November 23, 2012, the Arizona Court of Appeals ruled that a verbal referral agreement between two real estate brokers was not enforceable because the verbal referral agreement could not be performed within one year as required by the Statute of Frauds. Facts Broker A entered into a verbal referral agreement for a…
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