WHAT'S INCLUDED
Get your property back with this fill-in-the-blank Cash for Keys (Homeowner) Contract template. You can have your own agreement in less than 15 minutes by easily following along with my video How-To Tutorial & filling-in-the-blanks. This template is for you purchased a property with the former homeowner remaining inside. This most often happens with foreclosures and sheriff sales, however, it’s not unheard of for a MLS seller to stick around!
WHAT’S INCLUDED?
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DIY Cash for Keys Contract Template — One (1) downloadable, editable .docx file containing a detailed Cash for Keys contract template with highlighted fill-in-the-blanks to make your own.
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How-To Video Tutorial — a video tutorial where I walk you through what each paragraph means (in English, not “legalese”), where you need to put in your personal info, and how to sign it. At the end, you’ll be confident making the Cash for Keys Agreement your own.
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Guidelines & Tips Guide — to let you know what to do with this document & how to make it your own.
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BONUS: you’ll receive my C.Y.A. (Cover Your Assets) Checklist to make sure you have everything in place to protect your investment properties.
FAQs
WHAT’S A CASH FOR KEYS CONTRACT?
This is a contract you send to the occupant of a building you own (who is and never was a tenant). It sets out the terms the occupant leaving for a price in writing so you’re able to avoid the time consuming and expensive ejectment process.
DO I NEED A CASH FOR KEYS AGREEMENT?
Do you want to get to get your property back? Then yes! If you have a property where the former homeowner won’t leave, a contract in writing that has clear expectations and rules can help you get your property back faster than using the courts. A cash for keys contract makes sure that you can…
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Help the homeowner, by giving them funds to relocate
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Control the date when you get your property back, no waiting for the sheriffs to come
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Protect your property, they are incentivized to not trash the property before they leave
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and more!
HOW LONG’S THIS GONNA TAKE?
Got 15 minutes? Then you’ll have yourself a legally enforceable cash for keys agreement. Here’s what you should do once you purchase:
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Read the How-To Guide first.
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Next, edit the doc with your information. Follow along with my video How-To Tutorial, which shows you where you need to put in your personal info. You won’t need to do ANY legal writing – just contact info, property information, and the details of the move out.
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Make any necessary changes based on how you want the homeowner to leave.
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Use it! You can send this document to the former homeowner in less than 15 minutes. Then you get to back to business!
WHO IS THIS FOR?
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Landlords wanting to remove a former homeowner to put a new tenant in place and avoid the long and costly court process
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Flippers wanting to remove a former homeowner so that they can fix and flip the property
You can read more about why you should use a cash for keys agreement in this post.
FINE PRINT
IMPORTANT: This document is a downloadable, customizable general template for you to make your own & to fit your needs. Purchase of this or any other document from this Site does not create an attorney-client relationship between you and Bonnie Galam. The documents, or anything on this Site, should not be construed as legal advice. You should have all documents you use reviewed by an attorney in your jurisdiction to ensure they comply with State and local laws where you own property or conduct business. Contact your local bar association for an attorney recommendation. Bonnie Galam is licensed to practice law in New Jersey and Pennsylvania. Use of this Site, and purchase of any documents or courses, are subject to these Terms of Use.
QUESTIONS? Email Bonnie at bonnie@bonniegalam.com
