I've done a promissory note before, had my lawyer draft it up and that went smoothly.

Hey @Michelle Castaneda I would suggest a lawyer for this kind of thing, I can suggest one for you.

I'm no lawyer but it sounds like the tenant has a right to the property for the duration whatever that is, so bear that in mind when you have that conversation or send that letter.

I would need a good real estate lawyer, any recommendations?

Essentially, they each state that the buyer could be liable for compensation to at least their representative agent in the event that they default.

Of course, your friend wants to talk to a lawyer since there are new guidelines in wrap around and Dog Franks laws that might impact those creative finance.I hope this helps

With this being said, I still am looking for references for a local lawyer or service serving Cleveland's west side to review such forms prior to use.

Will I have to pay a lawyer to setup a purchase contract? 

As part of his letter to confirm the move out date, he specifically mentioned that he is waiving rights to part of the security deposit as they are breaking the lease.My tenant also helped with showing the home to prospective tenants and finally, I approved one of them after the background check and all.Now, he is coming back and saying that he spoke to a lawyer and I should return the security deposit as I rented the house to a new tenant right away.

You should all be connecting and building your team of lenders, title companies, construction crews, city managers/EDC, Realtors, tax professionals, lawyers, everyone.