Legal Question in Civil Rights Law in New Mexico

Are Real estate verbal agreements legal


Asked on 3/29/15, 1:33 am

1 Answer from Attorneys
Charles Aspinwall Charles S. Aspinwall, J.D., LLC

No. Agreements concerning an ownership interest in real estate must be in writing to be legally enforceable. This has been the law for hundreds of years. In many states, however, monthly rental agreements may be verbal, although that is never a good idea.

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Answered on 3/29/15, 8:14 am


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