What is the name of your state? NJ
Hi,
We signed the contract for purchase of a home. During the attorney review, our attorney added few clauses as an adendum. One of the points that he put was "The contract is contingent upon the buyer's review and acceptance of any restrictions in the use of property contained in the by laws or conditions, convenants & restrictions of the association documents which reviewd and determination must be completed within 3 business days of receipt of said documents or said contingency shall be deemed waived."
We reviewed the by laws and had objection on the condition where I can't use my property for business if I have employees or customers. I asked my attorney to cancel and void the contract based on this ristriction.
What are the winning odds if seller sue's us or if they have any grounds for persuing any legal action against us?
Hi,
We signed the contract for purchase of a home. During the attorney review, our attorney added few clauses as an adendum. One of the points that he put was "The contract is contingent upon the buyer's review and acceptance of any restrictions in the use of property contained in the by laws or conditions, convenants & restrictions of the association documents which reviewd and determination must be completed within 3 business days of receipt of said documents or said contingency shall be deemed waived."
We reviewed the by laws and had objection on the condition where I can't use my property for business if I have employees or customers. I asked my attorney to cancel and void the contract based on this ristriction.
What are the winning odds if seller sue's us or if they have any grounds for persuing any legal action against us?