L/O Basics - Posted by Greg(ND)


#1

Posted by Tom Brown on November 13, 1998 at 19:46:04:

A lease/option does not have to be notarized to be legal. It is a good idea however to have it notarized. It helps if you have to go to court. Also if for some reason you have to record it, it would have to be notarized. If you have to record something, I would suggest using a memo of option instead of the entire option. (unless your law requires it)

An option is just a special type of purchase contract. You will have to have a closing if you exercise the option. You can have the closing at a title company. Title companies can also be good sources of info on real estate documents and closings.


#2

L/O Basics - Posted by Greg(ND)

Posted by Greg(ND) on November 13, 1998 at 07:26:04:

Does a L/O contract need to be notorized to be legal?

Where, if anywhere does the close take place?

Can a title company help?