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Updated almost 5 years ago on . Most recent reply

User Stats

35
Posts
30
Votes
Taylor White
  • Rental Property Investor
  • Fort Worth, TX
30
Votes |
35
Posts

How much to pay for an attorney to review my lease agreement?

Taylor White
  • Rental Property Investor
  • Fort Worth, TX
Posted

I have 2 (soon to be 3) SFH rentals and am planning to continue building my portfolio, so I decided to reach out to a lawyer to review and beef up my lease agreement. The attorney I reached out to, from a reference, specializes in real estate and after doing some initial review and going over changes that need to be made, he said that total billable hours will end up being 4-6 hours at $340/hr. So the total may be as high as $2000.

That's a decent chunk of money for my little rental business and I'm wondering if this is pretty standard, or is it overkill for me to spend this much on this particular thing?

As a side note, my current lease is already 12 pages, and decently thorough, but my attorney did have some good suggestions for better wording and some extra sections that would be helpful for me to have.

Thanks,

Taylor

Most Popular Reply

User Stats

7
Posts
15
Votes
Sandy Hurtado
  • Investor
  • Dallas, TX
15
Votes |
7
Posts
Sandy Hurtado
  • Investor
  • Dallas, TX
Replied

@Taylor White That is outrageous, no, do not pay that much. I’m in Dallas and I use Abid H to review my stuff & he doesn’t nickel & dime me. His number is 504 two9eight nine52nine

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