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Leasing a piece of property

Posted on 6/14/15 at 9:51 am
Posted by tigerdup07
Member since Dec 2007
21974 posts
Posted on 6/14/15 at 9:51 am
if I were to lease a piece of property to a friend to build a home on, would I need a lawyer or would a notary be sufficient enough?

This post was edited on 6/14/15 at 9:55 am
Posted by wickowick
Head of Island
Member since Dec 2006
45820 posts
Posted on 6/14/15 at 10:03 am to
quote:

if I were to lease a piece of property to a friend to build a home on, would I need a lawyer or would a notary be sufficient enough?


So you have property and your friend wants to lease the property to build a house and you think a notary would be ok? How long is the lease? What happens if he default on the lease and you have to kick him out. Will he even get financing (doubtful) without owning the land.

This has so much WTF, I don't even know where to begin...
This post was edited on 6/14/15 at 10:07 am
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