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Updated almost 6 years ago on . Most recent reply presented by

Account Closed's profile image
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Account Closed
  • Rental Property Investor
  • from Yuma, AZ
  • Member since Jun 14, 2019
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Rental Property Investor
  • from Yuma, AZ
  • Member since Jun 14, 2019
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Account Closed
  • Rental Property Investor
  • Yuma, AZ
45
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Tax, SDIRAs & Cost Segregation

What does this mean in this contract??????

Account Closed
  • Rental Property Investor
  • Yuma, AZ
Posted

WHAT DOES THIS MEAN??

RECOVERY: if either party to this lease option shall bring a cause of action agaisnt to other party for enforcement of the lease option, the prevailing party shall be entitled to recover reasonable attorney"s fees and cost incurred

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Kyle J.'s profile image
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Kyle J.
  • Rental Property Investor
  • from Northern, CA
  • Member since Jun 14, 2012
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Kyle J.'s profile image
Kyle J.'s profile image
Kyle J.
  • Rental Property Investor
  • from Northern, CA
  • Member since Jun 14, 2012
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Kyle J.
  • Rental Property Investor
  • Northern, CA
5,175
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Kyle J.
  • Rental Property Investor
  • Northern, CA
Replied

Simply put, it means the loser in a lawsuit might have to pay the winner’s attorney’s fees and other costs. 

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