four brothers inherited a summer home from their deceased father. They want to set up something called a co-tentancy agreement for their four families to use the house. What are reasonable legal fees to have an attorney write up this document? What type of attorney do they need to look for? What issues should they be concerned about?
Optional Information: State/Country of Question: Oregon
A real estate attorney with experience in these agreements should be able to do this. As far as cost-try to get a flat rate price for the document preparation. This will be more cost effective than an hourly rate. You should contact the Oregon Bar Association for recommendations and don't just interview one attorney. Shop around.If I've helped, please press the green ACCEPT button so I may receive credit for my work. Positive feedback is always appreciated. If you need anything further please feel free to contact me. Remember this service is for informational purposes only, not legal advice and no attorney client relationship is created by these answers.
I like the idea of a flat fee. What is a typical flat fee for something like this? Please ballpark me if possible.
It is hard to say-if it is simple it shouldn't take more than 2-4 hours at $250.00 an hour that's about(NNN) NNN-NNNNdollars but that is just an example you would have to check the hourly rate. But if it is complex it will take between 4-7 hours (I doubt it) but it shouldn't take more than 3 hours realistically.If I've helped, please press the green ACCEPT button so I may receive credit for my work. Positive feedback is always appreciated. If you need anything further please feel free to contact me. Remember this service is for informational purposes only, not legal advice and no attorney client relationship is created by these answers.
Experience: 12 YEARS PRIVATE GENERAL PRACTICE , CIVIL APPEALS AND LITIGATION
Thanks so much. Some of the brothers were saying it would cost $5,000-$7,000 to form a co-tenancy agreement. I thought that was really high. $500-$2000 sound much better! Thanks NYLawLady.
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