Should we walk away? :(

posted 3 years ago in Venue
Post # 2
Member
588 posts
Busy bee

Any time soon probably means this summer though, right? July 2015 is plenty of time for the house to be sold. In the contract between the seller and the buyer, I assume they could put in a provision that says that all currently existing contracts must be fulfilled and the house/grounds must be in the same state as when the purchase occurs for those events. 

I would be iffy about it though. The summer of 2015 is a long way off. I would require serious confirmation from the current owners that your wedding will still be on and that no major changes to the venue can happen, if not, they will owe some large financial penalty (of at least the cost of your wedding).

Post # 3
Member
42538 posts
Honey Beekeeper
  • Wedding: November 1999

I wouldn’t take the chance. She can put anything she wants in a sales agreement, but she really has no way to enforce it.

If this is a beachfront home or in a highly desireable vacation location and I were the new buyer, the last thing I would want is a July wedding commitment. I could see the new owner cancelling your reservation and taking a chance on a young couple not being able to afford to take me to court.

Post # 4
Member
1298 posts
Bumble bee
  • Wedding: November 2012

I wouldn’t take the chance. With more than a year out, you could probably find another rental house with some searching. 

Post # 5
Member
134 posts
Blushing bee
  • Wedding: June 2014

I wouldn’t take the chance either.

There is now way to know if it will sell or not. If an offer is made & the sale would be lost over the current owner insisting bookings be kept, good chance that caveat would go out the window and you would be left scrambling. Previous owner can promise what they want right now, but once they are not owners, you will likely have to go through contracts, etc with new owners, even if they are willing to honour it – this can also mean pricing changes. A major wedding venue where I live recently changed hands and many brides are having to deal with the hassle of rebooking with new owners & have to deal with changes they are implementing or find a new venue.

Post # 6
Member
1436 posts
Bumble bee
  • Wedding: September 2010

I wouldn’t be comfortable taking the chance either.

Post # 7
Member
3713 posts
Sugar bee

Don’t walk – RUN!

 

Post # 8
Member
576 posts
Busy bee
  • Wedding: May 2015

Walk away. I’m not even sure it’s legal to put something like that in the sales contract. If I were buying a house, you can bet I wouldn’t want to rent it out to people I hadn’t chosen – would you?

Post # 9
Member
1236 posts
Bumble bee
  • Wedding: June 2014 - San Francisco, CA

Walk away. I sincerely doubt you could even try to enforce a contract with the new owner – “No, she SAID we could have it here!” “Well she doesn’t live here anymore …” Save yourself some trouble and walk away while you have plenty of time.

Post # 10
Member
2302 posts
Buzzing bee
  • Wedding: June 2015

how is it being sold? as a private home? a commercial property/venue? 

i toured a popular venue that was listed for sale – but it was listed as a commercial venue, so the new owners would be a company who wanted it for the same type of events – so i was confident they’d honour my reservation, since it was simply going to be new ownership. i didn’t end up booking that venue though – but it definitely gave me pause. 

Post # 12
Member
6032 posts
Bee Keeper
  • Wedding: October 2014

When you sell something that comes with existing contracts, the buyer assumes legal responsibility to honor that contract. Happens all the time in business. So your contract with the current owner would pretty much transfer over to the new owner, although there is usually some sort of contingency built in; for example if a business sells a restaurant and the new owner must obtain a liquor license to honor the bar packages in their existing catering contract, the new owner would need to take care of those licenses or pay whatever penalty is in the contract. The seller might not be able to enforce your contract with whatever new owners, but YOU can. 

I would ask the seller for some information from the realtor regarding how they are making it known that there are existing contracts. If they are using that as a selling point (it is business you don’t have to work to get) and/or making it clear on the realtor website, printed materials etc, I think you’ve got nothing to worry about.

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