There is nothing more important to a landlord than a good lease. A good lease sets forth the terms of the relationship between the landlord and tenant, including the rent to be paid, the expectations on the tenant and when the lease can be terminated. A lease does not need to be written from scratch each time, but it is advisable for each landlord to have a lease form drafted for its rentals. This is because every landlord’s policies are different and just because it is in a standard form doesn’t mean the landlord needs to do it that way. Once the form is drafted, the landlord can then fill in the blanks for each individual lease with a tenant.
Our Contract Philosphy
Attorneys often have different approaches when it comes to contracts. Some attorneys like to use big words and “legalese” to make the client feel like they are getting what they paid for. Other attorneys — like Rick —
prefer to use common language so that the contract can be understood by non-lawyers.
It is our philosophy (and experience) that disputes can be avoided when all parties understand what they are agreeing to. This is accomplished by drafting a contract that is straight forward, includes what is necessary but not what is not, and addresses the specific concerns of the parties. If we can draft your contract in one page, we will. If it is a fairly standard transaction and we can use a standard form, we will do that too.
Contract Drafting Process
There are a lot of options when it comes to obtaining contracts these days. You can obtain forms from real estate investing gurus, books, organizations you are part of, and websites, such as Legal Zoom. Therefore, it is important that when you hire us to draft a contract, we do not simply provide you a form as you can do that less expensively elsewhere, including by signing up for our Guarded Pockets™ program that includes access to form contracts and unlimited scheduled ten minute phone calls with an attorney. This does not mean that we will not create you a form contract that can be used for similar transactions within your business, as that is something we do regularly. That form, however, will be customized to your business model and will not simply be the same form we provide to all other clients.
Our goal when drafting your contract — whether it be a one-off or a form you will use regularly — is to take the time to get to know you, your situation, and the goals for the contract. This takes time and is not a one-step process.
Step 1: Sign up for Guarded Pockets™
If you are not yet a member of Guarded Pockets™, the first step is to become a member. In addition to allowing us to help with your business planning, Guarded Pockets™ also provides many other benefits, including unlimited scheduled phone calls with a real estate attorney, registered agent and deed of trust trustee services, state compliance monitoring, daily REO and distressed MLS listing emails, and discounted title and real estate brokerage services. You can learn more about Guarded Pockets™ or sign up for a free trial by clicking on this link.
Step 2: Sign up for Services
Once you are a member of Guarded Pockets™, you can sign up for our services including our contract drafting services.
Step 3: Complete Intake Form
One we have completed the introductory call and learned more about what you are looking for, we will send you an intake form that you can use to provide us with information about you, or business, and the specifics of the contract. The purpose of this form is to make sure that we have all of the information we need, and to provide you time to think about and gather all of the necessary information instead of answering “on the fly” during the initial phone call. This form will be sent to you via email and can be completed online using a computer, smart phone, or tablet.
Step 4: Document Preparation
Once we receive your intake form, we will begin drafting your document or contract. We will incorporate the information you provided during the introductory phone call and on the intake form to ensure the contract meets your needs and expectations. Because this contract will be customized for you, this stage of the process can take about a week or slightly longer depending on the length of the contract and number of contracts necessary.
Step 5: Client Review
Once we have prepared your contract or document, we will forward it to you for your review and comment. We ask that you take a few minutes to read it over, and most importantly, let us know if you have any questions about anything we have written into the contract. We want to make sure this contract is exactly what you want and meets your goals for the contract.
Step 6: Additional Revisions
This stage is not always needed, but if it is, it is included at no extra charge. As you provide your comments and suggestions on the contract or document, we will make the revisions necessary to make sure that it is exactly what you are looking for.
Step 7: Document Complete
Once you have reviewed the document and we have made all of the requested/necessary revisions, we will provide you with a final copy of the document and will close the file in our office.
We believe in fair, honest, and transparent pricing, and therefore, we charge flat rates for all contract drafting. Our flat rates include unlimited revisions for most contracts, unless the revisions change the nature or purpose of the document. In the rare event that the flat rate does not cover your desired contract, we will provide you with an individual quote, up-front, and before you owe any fees to our firm.
The costs for drafting your contract will depend on the type of contract we are drafting. You can view our pricing by visiting this page on our website, which links to the exact same forms you will use to sign up for services after becoming a Guarded Pockets™ member.