I'd like it for back rent but unless you have a Bill of Sale notarized, let the Police handle it.

If not, are they required if asked?

Well, we did have a 1 page notarized contract where it specifies that we are investing in his corporation, specifically, this one property.

A lien should also be notarized.

If anyone has such a loan, please let me know if you think they are a good idea, or not. Are

If not, are they still interested? 

So when you have a deal you email the lawyer the deal terms and whatever other info he needs he puts it into the template docs and advise your client roughly legal fees are xyz and the other costs of tile and so forth are standard. you want everything documented, all items notarized and recorded.

I’d like to think we wouldn’t need legal consultation, maybe just a notarized agreement between the two of us.

After a few years, he entered into a "option to buy" arrangement where the tenant would "float" an interest free loan as a "good faith" deposit to be in a "right of first refusal" to purchase the home from my friend (notarized and everything) in the near future.

@Ryan Johnston We've done it both ways, but usually the latter for convenience and speed.It kinda defeats the purpose of even having a properly executed and notarized LPOA if the bank won't recognize it.Either "power-of-attorney" means something or it doesn't!