Page 5 - PGA Community News - July '21

July 2021 July 2021 PGA C.A.N.!, Page 5

Ask The Juris Doctor Reminder From Palm

By James A. Cioffi J.D., Attorney-At-Law hours) to provide a contract Beach Gardens Police
with the same terms as the
Purchase Option 3rd party offer. Department
Dear Juris Doctor; I recommend you obtain Adopt These Habits To
I want to lease a property and have the right to purchase the services of a real estate Prevent Vehicle Burglaries
it. What is the difference between an option to purchase attorney to prepare the lease • Please lock your vehicle doors every time – even
and a right of first refusal? language most appropriate for a quick stop or at home.
With appreciation, Elizabeth at PGA National to your situation. Do not • Never leave items of any kind inside your vehicle.
attempt to compose the
Dear Elizabeth; language yourself or rely Hiding items doesn’t work!
Your lease should outline your ability to purchase the on any language supplied by • At a minimum, if you must leave items, place them
property in the future. If you are certain you will buy the another person who is not an attorney. There are many in your trunk.
property, but lack the ability to do so when you begin the nuances to the concepts of a purchase option and right of • Cell phone/iPod power cords, GPS holders and
lease, an option to purchase will usually require you to first refusal that must be considered before you sign the other key sets act as neon signs.
pay a nonrefundable deposit, specify the purchase price lease. • Park in well-lit areas, stay alert and call in
and the period of time within which to buy the property. Sincerely, J.D. any suspicious activities to the police department
Usually, a tenant will have the option to purchase at any nonemergency number: 799-4445.
time during the lease period by providing written notice If you have a legal question in the area of real estate,
to the landlord. A right of first refusal usually provides corporate law, mortgage modifications, estate planning,
that the tenant will be notified in writing during the lease wills, trusts or probate, please submit it to this newspaper
period if the landlord will sell the property and the sale at james@jcclaw.com.
price – or if the landlord receives a written offer from
a 3rd party, then the landlord shall notify the tenant in
writing with a copy of the offer (redacting the name of
the 3rd party buyer) and provide a period of time (e.g. 48

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