Term Sheet

Hello all,

Has anyone used a term sheet for deals before you sign a contract. How does it work for you?
My attorney said that the best way for this to work in New York is to fill out a Term Sheet first with everything you agree upon with the homeowner and then the attorney will draft a Contract from that term sheet. Has anyone have to do this in New York or have they used just a standard contract. Thanks so much guys for your responses ahead of time.

Torres

Comments(3)

  • regal14th March, 2005

    I would find a buddy to buy it and split the profits.

  • shamund20th March, 2005

    Buy it in a land trust and then assign the beneficial interest within the land trust or llc.

  • forbi21st March, 2005

    Hi,
    The is a post in this forum headed "HELP ME" check it out. The is a reply that might help you out.
    forbi

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