Post # 1
My daughter and fiance finally found a venue that they absolutely love. A beautiful B & B that has everything they wanted and also someone to coordinate all necessary vendors plus they are giving a great discount. They have great reviews, the woman was extremely helpful, and we felt very good about everything and are going to sign the contract this week. When we got home I did some research and found that the property is up for sale. Now I’m wondering what are our rights if they do sell the property? Does everything in the contract carry over to the new owners? Since the contract that will be signed is with the B & B only and not with the specific vendors (florist, cake, music, caterer, etc), do we have legal protection that the vendors will supply what is promised through the B & B. If they didn’t love it so much, I would say look elsewhere. Would appreciate any advice you have. Thanks!
Post # 3
Make sure there is a clause in the contract that states just that — that everything within carries over to the new owners. As far as what the vendors will supply via the B&B, again, that would need to be stated in each individual vendor contract. Might also be good to get wedding day insurance separately. Good luck!
Post # 4
Maybe the legal bees can give you better advice, but I’m not sure that even having that in your contract will matter since your contract is with the old owners — what is to hold the new owners responsible? I think it would need to be something arranged between the old and new owners in the sale, that the new owners would honor the old contracts, but there is no way for you to ensure that. And I definitely do not think you’ll be covered on the vendors at all since you are not contracting them personally; again, it is something between the old owners and the vendors. I’m sorry you have to deal with this, but I would walk away or wait for the place to sell and approach the new owners with what you were offered and see if they’ll match it.
Post # 5
I’d be too afraid the new vendors wouldn’t uphold the old contract and you’d be out of that money.
Wasn’t there another venue on here that was sold after a Bee’s wedding? It went from one type of venue to a different? (I think it had a hunting-lodge type feel to it with the new owners?)
I’d hate to hear the new owners (should it sell prior to the wedding) change it horribly or refuse to uphold the old contract.
Post # 6
Sorry if this is too late for your decision, but new ownership is not obligated to uphold any agreements that a past owner had made. The current venue should not have allowed for you to go and sign the contracts, knowing that their venue is up for sale.
During my venue search, I remember contacting this 1 venue and they told me they did not want to take any bookings for 2012 because they were considering selling the venue. So it was the venue who was responsible enough to tell each bride and groom (or company who else may have wanted to book an event there in 2012) this manner.
Honestly, you shouldn’t take the chance, even though the venue seems perfect. Even if it was in writing that the new owner must uphold this agreement, the current owners can not 100% guarantee it because they do not have the new owner’s signature and such. There are ways to go around a contract, so if I were you, I would not sign this contract. And like I said, there may be another place out there…. the weddine venue that I have now (we put down our deposit so we are locked in) is actually the 17th place my fiance and I physically went to look at the venue and met w/ a coordinator….so even after a tiredless effort of 17 places, I am actually really happy that this was the location we both ended up loving. It is just perfect and the price was very affordable for us (we are both college students attending a private university and paying for the wedding on our own). So I hope you don’t give up hope.