Standard Real Estate Contracts For Georgia?

Question

Hello,

I'm getting started and I actually have 2 hot prospects I expect to be calling on shortly to see if we can agree on terms for a property.  I want to make sure I have the proper paperwork on hard before I call, so I need to make sure I have the right contracts so everything is fully legal and compliant here in Atlanta/Georgia.

One of them is a regular residential property, the other is an 5+ unit property, which I understand is classified as commercial.

So how and where do I get a standard Georgia residential contract as well as a commercial property contract? I've been told the residential one is pretty standard and can be obtained (or purchased) through many different sources locally... but that the commercial one might need to be customized by an attorney. Is that correct?  Can someone point me to where I'd be able to pick up (or possibly download ) these contracts I'd need?

Thanks in advance for your help.

Terry France · Answer

Good information, guys. Much appreciated.

And Rick, I'll be in touch shortly.

Rick Ferguson · Answer

feel free to google Rick Ferguson Atlanta Commercial Real Estate and call or email--I can assist.

Ralph C. · Answer

For residential contracts you can always use a condensed version as long as all main ingredients are included, as well as any important disclosures...such as assignments etc...

As far as commercial goes and especially if it's your first run at it,  it is best to get one drafted by an attorney just so all key bases are covered. You can always reuse template once a solid base draft is prepared that you can modify as you progress.