I bought a beauty salon after being told it was an actively running business. I had told them there were some delays in getting my business licence and confirmed that I could use their licence until mine came through. I thought it would be ok as the Mrs would still be working there through the transition period.
The agent (same agent for vendor and purchaser) stopped corresponding with me after the sale despite attempts to get the lease changed from my personal name to that of a newly incorporated company. The vendors kept saying “talk to the agent”.
Almost four months later, the lease has not been changed so I still do not have a business licence. I started pushing for the change of name on the lease. I contacted the licensing office and found out the salon has not been licensed since April 2018. It was sold to me in October. When closing, they said the employees had a fight with them, so a new person was hired the day before closing. They took all the tools and most of the products were expired so I had to buy all new tools and products.
Since info was withhel, can I break the lease & sue for the purchase price, the rent paid and all expenses incurred to date.
Is there a written contract for any of this or did you just hand them money? If you have a written contract, did it require the assignment of the lease? This is one of those situations where it would have been much less expensive to hire a lawyer to handle the transaction rather than to clean up your DYI project.
Too many unanswered fact based questions here to give you any meaningful answer. If you were represented by an attorney at the time (you should have been) contact that attorney. If you were not represented then you need to consult with a real estate litigation attorney ASAP. It is situations like these that lead to the adage "buyer beware".
This e-mail may contain confidential or privileged information. If you are not the intended recipient, please notify the sender immediately by return e-mail and delete this e-mail and all copies and attachments. If you are not the intended recipient, or the employee or agent responsible for delivering the message to the intended recipient, you are hereby notified that any dissemination, distribution or copying of this communication is strictly prohibited. IRS Circular 230 Notice: Unless specifically stated otherwise, any tax advice contained in this communication (including any attachments) is not intended or written to be used, and cannot be used, for the purpose of (i) avoiding penalties under the Internal Revenue Code or (ii) promoting, marketing or recommending to another party any transaction or matter addressed herein. Unless specifically stated otherwise, this communication shall not be deemed to be legal or tax advice, and no attorney-client relationship shall be deemed to have been created.
Our Rating is calculated using information the lawyer has included on their profile in addition to the information we collect from state bar associations and other organizations that license legal professionals. Attorneys who claim their profiles and provide Avvo with more information tend to have a higher rating than those who do not.What determines Avvo Rating?Experience & background
Years licensed, work experience, educationLegal community recognition
Peer endorsements, associations, awardsLegal thought leadership
Publications, speaking engagementsDiscipline