I’m planning to have someone sign a document in front of a notary for a real estate buyout. The text is fairly straightforward, but it feels like I’m missing something. Here’s what I have:
‘I, (name), upon receipt of the check for ($ amount), do hereby release all claims, real or imagined, present or future, to the property, home, and all contents within located at (address).’
Is there any other legal language I should add? It seems too short, and I want to make sure everything’s covered legally.
You’re going to want a real estate attorney for any real estate transaction. A one-line note like this isn’t going to be enough. There are more detailed clauses needed for things like clear title, indemnifications, and other potential claims.
@Marlon
Agreed. Real estate contracts need to include specifics like title transfers, representations about ownership, liability waivers, and any potential liens. A notary won’t make the document airtight if important legal protections are missing.
@Luca
Got it, thanks for the heads up. I’ll definitely consult with an attorney. I had no idea I needed more legal language for title transfers and indemnifications. Appreciate the advice!
It’s also good to include a clause about the person confirming that they have no further claims on the property, any contents within, and that they’re doing so willingly. You want everything in writing in case there’s any dispute later. Like others said, a real estate attorney would be smart here.