Legal Question in Real Estate Law in Virginia
roommate agreements
My roommate and I have drafted a 'letter of agreement'' outlining are promises to one and other regarding my moving out and her finding a suitable roommate by a given date.
We plan to have it notarized and I am wondering is this document then legally binding? That's what I want.
1 Answer from Attorneys
Re: roommate agreements
Provided it has all the elements of a contract, it is binding.
The elements of a contract are:
Offer (a proposal by one of the parties);
Acceptance (acceptance of the offer in toto, without modification by the other party); and
Consideration (example: I will do this if you do that).
Now, whether the agreement will actually DO what you INTEND it to do, I don't guarantee.
That's why lay persons should never write their own contracts. See my website: www.regencylegalclinic.com/ and look at the page "Do It Yourself?" for more specifics on that.
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