Can you break a real estate contract?
Based on your statement that the year is almost up, you should be able to terminate the contract simply based on expiration without having to worry about "breaking" the contract. If you are willing to wait out the contract, you should simply provide the broker notice that you will not be renewing the contract at the end of the term.
by MC Wife - 18 hours ago
Read the contract. You note that the contract says you'd have to pay him if you break the contract. OK. But has he complied with the terms of the contract? Does the contract require him to perform certain actions (such as market the business, post pictures of the building or contents) that he hasn't done? If that's the case, then (I'm not a lawyer, so this isn't legal advice) he's already breached the contract. Again, read the contract. If it looks like you might have an out (or even if you can't find one), check with a lawyer.
by I Buy And Sell Houses - 18 hours ago
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