New Jersey Sample Letter for Denial of Request for Time Extension - Purchase of Home

• Category: Letters - Nonlegal - Property and Leases
• State: Multi-State
• Control #: US-0173LR
• Format: Word; Rich Text

Description

This form is a sample letter in Word format covering the subject matter of the title of the form. [Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Denial of Request for Time Extension — Purchase of Home Dear [Recipient's Name], I hope this letter finds you in good health. I am writing in response to your recent request for a time extension regarding the purchase of the home located at [property address]. After careful consideration, I regret to inform you that your request for the extension is denied. We understand that purchasing a home involves multiple factors and can be a complex and time-consuming process. However, in this particular situation, granting an extension would not be feasible due to various reasons. Below, we have outlined the rationale behind our decision: 1. Deadline Constraints: As per the terms of the purchase agreement signed by both parties, the closing date was set for [original closing date]. Adhering to this timeline is crucial to maintaining the integrity of the process, ensuring a fair transaction for all involved parties. 2. Financial Obligations: Allowing an extension would potentially cause financial strain on our part, including additional rent or mortgage payments, maintenance costs, or fluctuating interest rates. Therefore, maintaining the original closing date is in our best interest. 3. Seller's Circumstances: Our situation involves certain constraints and commitments that render a change in the closing date impractical, such as relocation plans, financial obligations, or other contractual agreements. Although we understand that unforeseen circumstances or delays might arise during the home buying process, we regretfully cannot accommodate your request for an extension. Therefore, it is crucial that you adhere to the original closing date as outlined in the purchase agreement. If negotiations or alternative arrangements are required, we encourage open communication between both parties, as resolving issues promptly and efficiently is essential in ensuring a smooth and mutually beneficial transaction. We understand that this may cause inconvenience or disappointment on your part, and we sincerely apologize for any inconvenience caused. We appreciate your understanding in this matter and assure you of our commitment to completing the sale of the home within the agreed-upon timeframe. Should you have any further questions or concerns, please do not hesitate to contact our office at [phone number] or via email at [email address]. We are more than willing to address any queries you may have. Thank you for your understanding and cooperation. Yours sincerely, [Your Name]

[Your Name] [Your Address] [City, State, ZIP] [Email Address] [Phone Number] [Date] [Recipient's Name] [Recipient's Address] [City, State, ZIP] Subject: Denial of Request for Time Extension — Purchase of Home Dear [Recipient's Name], I hope this letter finds you in good health. I am writing in response to your recent request for a time extension regarding the purchase of the home located at [property address]. After careful consideration, I regret to inform you that your request for the extension is denied. We understand that purchasing a home involves multiple factors and can be a complex and time-consuming process. However, in this particular situation, granting an extension would not be feasible due to various reasons. Below, we have outlined the rationale behind our decision: 1. Deadline Constraints: As per the terms of the purchase agreement signed by both parties, the closing date was set for [original closing date]. Adhering to this timeline is crucial to maintaining the integrity of the process, ensuring a fair transaction for all involved parties. 2. Financial Obligations: Allowing an extension would potentially cause financial strain on our part, including additional rent or mortgage payments, maintenance costs, or fluctuating interest rates. Therefore, maintaining the original closing date is in our best interest. 3. Seller's Circumstances: Our situation involves certain constraints and commitments that render a change in the closing date impractical, such as relocation plans, financial obligations, or other contractual agreements. Although we understand that unforeseen circumstances or delays might arise during the home buying process, we regretfully cannot accommodate your request for an extension. Therefore, it is crucial that you adhere to the original closing date as outlined in the purchase agreement. If negotiations or alternative arrangements are required, we encourage open communication between both parties, as resolving issues promptly and efficiently is essential in ensuring a smooth and mutually beneficial transaction. We understand that this may cause inconvenience or disappointment on your part, and we sincerely apologize for any inconvenience caused. We appreciate your understanding in this matter and assure you of our commitment to completing the sale of the home within the agreed-upon timeframe. Should you have any further questions or concerns, please do not hesitate to contact our office at [phone number] or via email at [email address]. We are more than willing to address any queries you may have. Thank you for your understanding and cooperation. Yours sincerely, [Your Name]