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  • Profile photo of Nathan1Nathan1
    Member
    @nathan1
    Join Date: 2003
    Post Count: 30

    Hi everyone, firstly, just wanted to thank everyone for making me feel welcome on the board and answering my questions. You guys are great, I really appreciate it! :)

    Secondly, does anyone know where I can get a sample legal contract for:
    1. A standard wrap
    2. A standard lease option


    email: g e n e r a l g h e r k i n @ y a h o o . c o m
    phone: 0405 411 098

    Profile photo of Steve McKnightSteve McKnight
    Keymaster
    @stevemcknight
    Join Date: 2001
    Post Count: 1,763

    Hi,

    Try Mike Kelly’s site:

    http://www.positivecashflow.com.au/the_tools.php?catPath=25

    Cheers,

    Steve McKnight

    **********
    Remember that success comes from doing things differently.
    **********

    Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
    https://www.propertyinvesting.com

    Success comes from doing things differently

    Profile photo of Nathan1Nathan1
    Member
    @nathan1
    Join Date: 2003
    Post Count: 30

    $495 for the NSW contract.. ouch! But hey, it’s an investment in my future, I suppose, especialliy since the alternative, paying 1000’s in lawyer fees, is a lot more expensive ;) They didn’t have a contract for the ACT yet… which is where I live so I guess I should focus my initial efforts in the Queanbeyan area, which is close enough to virtually be in canberra, yet is in NSW.


    email: g e n e r a l g h e r k i n @ y a h o o . c o m
    phone: 0405 411 098

    Profile photo of ADAD
    Participant
    @ad
    Join Date: 2002
    Post Count: 636

    It may seem a lot Nathan but that is not thast much believe me. The real challenge is finding a good solicitor. You can always check them out at the vendor finance association.
    http://www.financewraps.asn.au

    Enjoy
    AD [:0)]

    A great deal of talent is lost to the world for want of a little courage. Every day sends to their graves obscure men whose timidity prevented them from making a first effort.
    -Sydney Smith

    Profile photo of TheBTheB
    Member
    @theb
    Join Date: 2002
    Post Count: 135

    Nathan

    maybe I sound a little “conserv” here, but I really think that it is better for you to understand the elements of the contract (i.e WHY those specific clauses are used) than to just use a generic one.

    So, my call on this is to say get as much info as you can then sit down with the legal part of your team and put together something that makes sense to you, that you understand.

    Of course, this may well be based on a contract sourced from someone else [:)]

    cheerio

    the Bruce

    Profile photo of TopnotchTopnotch
    Member
    @topnotch
    Join Date: 2002
    Post Count: 15

    Don’t forget that the new purchaser is going to pay the cost of creating the contract in his startup costs – if you spread the $495 over several deals it’s not a large sum to outlay

    Topnotch
    On The Sunshine Coast Of Queensland Where Our Bones Are Always Warm

Viewing 6 posts - 1 through 6 (of 6 total)

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