Posted by Anne_ND on April 21, 2003 at 21:52:45:
Bill Bronchick has some nice docs (may still be available on his website for free: legalwiz.com), I recommend his courses highly. You will also find links to other docs if you search the archives.
But no matter where you get your docs, DO have a local attorney review them and discuss the pros and cons of any changes you make relative to local laws and customs. I went over Bronchick’s forms in great detail so I understood what each clause meant to me as an investor (this is another good reason why you should buy the course, not just download the forms).
I then went into my attorney who recommended I use the local state forms (judges are less leery of them) and add a few clauses that covered items that were missing in the state forms. Because I was able to articulate my concerns to my attorney, we got through the docs quickly and he showed me where my concerns were addressed.
There is a great value in using local docs when possible.
BTW, spending a few hundred or a thousand dollars to get the right docs to do your deals could save you many thousands down the road. Get educated and protected BEFORE you jump into real estate.
Good luck,
Anne