- Nov 24, 2010
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So long story short, my friend group have been making use of this lake house for the past 15 years. It is without question, mine and my friends happy place. It was owned by my friend's grandmother who passed away at 93, due to family disputes, it is getting sold. Between me and another buddy, the money is there to take it over. I need advice for legal agreements on owning vacation property with a really good friend. He is the type of guy that we have never had disagreements and he is close enough that he is one of those "bail me out of jail" friends. I know this will be the real test of the friendship and I need to know ASAP what clauses or "pre-nups" I need to get arranged. Closing might be as soon as 2 weeks and we are both jumping in this blindly because we can't imagine not having this life refuge.