Posted by Mike (WA) on March 15, 2010 at 08:49:16 from (69.10.196.7):
In Reply to: Re: Land rent agreements? posted by John T Country Lawyer on March 15, 2010 at 07:39:17:
I agree with John, go get a form drawn up by a lawyer. Both posters below got it wrong on the effect of a sale, at least in Washington- Here, any lease longer than 2 years must be recorded with the county recorder to be effective, and if the lease is recorded, the new owner takes subject to the lease, and cannot nullify it.
It is acceptable to have a "fill in the blanks" lease (as to owner, legal description, dates, etc.), so long as you know how to fill them in, and the written terms are as you want them. I would charge $150 to $250 for such an animal, and I'm thinking with so much at stake, its "kinda worth the money", as my favorite auctioneer would say.
Free legal advice is often worth what you pay for it- but if its wrong advice, its not free, its costly.
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