Quote:
Originally Posted by TiltonBB
A friend bought a nice single family home but there were renters (well, tenants who didn't pay) still living there. He stopped by the house and told them he had bought the house and they needed to leave. They laughed at him so the next day he hired a lawyer.
The lawyer told him to offer them $5,000 to leave. He said "You didn't understand me. I now own the house" The lawyer said yes, I understand you but if you want to move into the house in the near future go pay the "tenant" (It usually takes about 4 months to get rid of deadbeat tenants and you never collect the back rent.)
He did, and they left.
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That's a good lawyer! Most would take as much money from you first and after they sucked you dry they would tell you this.
I bought a Mobil franchise back in the 90's and when I brought the 2" thick lease to my lawyer he laughed.
He said, "you're going to pay me a lot of money to read this and then I'm going to tell you not to sign it". "These leases are written by teams of lawyers so the company never loses".
It's all about cost analysis verses risk. So I bit the bullet and signed it.