Ozelis'
Rules of Real Estate
If you don't understand something,
ask your attorney
To answer the first question that comes to your mind, no, I’m not a lawyer.
But, I’m smart enough to pick a winning team and to get the right people working
for me.
If you’ve done your homework, located and interviewed an attorney that
understands you and your business, listen to what they have to say.
If you don't quite grasp something or need clarifications... ASK! You’re not the
attorney, they are. You’re just the one footing the bill.
Just keep in mind that these folks
usually charge by the hour, so get a copy of the
lease ahead of time and make
notes of the things that you don't understand or don't quite like (Feel
free
to use the resources on this
site to possibly answer some questions on your
own).
There are all sorts of books published on the topics of real estate, construction , negotiating and contract law. Do yourself a favor and pick up a few. You'll find that a couple of twenty-dollar books could save you hundreds.
With good legal advice sometimes running two or three hundred bucks an hour (sometimes more), you’re going to want to ask pertinent, rather than rudimentary, questions about the contents of the contract (remember, their time is your money).
If you want to be an attorney, go to law school. If you want to open a business, listen to one…but learn to speak their language.
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