“…But…it was not in writing, and therefore un-enforceable….”

“Time is of the ESSESENCE.”

Time is of the ESSENCE:  Timing is everything.  For those who are familiar with real estate contracts, and most any legal contract; there is always a clause dealing with TIME.  When to close, when to complete a certain condition in the contract, etc.  Failing to make the various time frames perfectly clear will leave you with a WEAK CONTRACTUAL AGREEMENT, which might make enforcement more difficult.  Not too long ago, for an example, I had a verbal understanding that a tenant and I would extend a certain lease for one additional year.  We shook hands on it (which was good enough for me), and I told him I would bring an extension agreement around in a few days.  By the time I got around to it; three weeks passed, when I presented him with the Agreement, he said that he was looking at another location, and the end result was that he relocated, leaving me $72K  short on rental income over the next year, or more.  A REAL BAD MISTAKE on my part, and one that I knew full well, that I should have presented the Agreement immediately upon our verbal agreement.  My word was good – his was not.  But, it was not in writing, and therefore un-enforceable.  REVELATION 1:19 – “Write down what you have seen–both the things that are now happening and the things that will happen. …Blessings …cjlb…12/30/13