Can I revoke a lease offer? Got a better applicant

Real Estate Investor · Tampa, FL · Member since 2016 · 54 posts · 15 votes

This morning, I offered a lease to a family. They haven’t yet signed the lease or paid the deposit. They wanted to start the lease later than I offered (6 weeks from now).

Then I got an application from a highly qualified applicant who wants to move in in 3 weeks! They want to stay longer as well. Better income.

Can I revoke the offer for the first family?

The reason they didn’t sign was because they wanted the lease to start 1-2 weeks later. I counter offered to start 5 days later. But then I got a better application.

This is what my email told the first family:

“If we have not received the items above by December 11 at 7pm, we reserve the right to offer this home to another applicant.”

What can I do? Thanks!

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Jules Aton

MD/DC · Member since 2024 · 1k+ posts · 1k+ votes

10mo

Did you sign the lease? I don't sign first and add 24h time frame for them to return paperwork and deposit.

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Jules Aton
MD/DC · Member since 2024 · 1k+ posts · 1k+ votes
10mo
Did you sign the lease? I don't sign first and add 24h time frame for them to return paperwork and deposit.
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Tim Baldwin
Attorney · Pensacola, FL · Member since 2023 · 178 posts · 106 votes
10mo
Quote from @Deborah R.:

This morning, I offered a lease to a family. They haven’t yet signed the lease or paid the deposit. They wanted to start the lease later than I offered (6 weeks from now).
Then I got an application from a highly qualified applicant who wants to move in in 3 weeks! They want to stay longer as well. Better income.
Can I revoke the offer for the first family?
The reason they didn’t sign was because they wanted the lease to start 1-2 weeks later. I counter offered to start 5 days later. But then I got a better application.
This is what my email told the first family:
“If we have not received the items above by December 11 at 7pm, we reserve the right to offer this home to another applicant.”
What can I do? Thanks!

It depends on your lease offer terms. Hopefully you conditioned the offer. That way, if they failed to satisfy the conditions, you could revoke the offer.
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Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
10mo
Quote from @Deborah R.:

This morning, I offered a lease to a family. They haven’t yet signed the lease or paid the deposit. They wanted to start the lease later than I offered (6 weeks from now).
Then I got an application from a highly qualified applicant who wants to move in in 3 weeks! They want to stay longer as well. Better income.
Can I revoke the offer for the first family?
The reason they didn’t sign was because they wanted the lease to start 1-2 weeks later. I counter offered to start 5 days later. But then I got a better application.
This is what my email told the first family:
“If we have not received the items above by December 11 at 7pm, we reserve the right to offer this home to another applicant.”
What can I do? Thanks!

If they have yet to sign the offer then yes you can revoke it as its not signed or executed, also if they proposed different terms that is another condition that allows you to pull your offer.
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Charlotte GoodmanPro Member
Member since 2020 · 63 posts · 31 votes
9mo
AS we used to say when I was a kid surfing in the girls heat, the next day my heat WAS supposed to go at 1pm. They pushed it back to 0800. When I got there, I was told "snooze you loose, big daddy." never forgot that.
Your ppl didnt sign. Move on.
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