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<div class=Section1>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>These are also recorded as Memorandum of
Agreement (which isn’t as sexy as a Suggestion of X, my favorite
caption). . Include the legal description and tax parcel number to identify the
property. There’s a problem on the back end in clearing title if nothing
happens for years, so also include an expiration date on the document. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Rebecca K. Wiess<o:p></o:p></span></font></p>
<p class=MsoNormal><st1:Street w:st="on"><st1:address w:st="on"><font size=2
color=navy face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:navy'>421 24th Avenue East</span></font></st1:address></st1:Street><font
size=2 color=navy face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><st1:place w:st="on"><st1:City w:st="on"><font size=2
color=navy face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:navy'>Seattle</span></font></st1:City><font size=2 color=navy
face=Arial><span style='font-size:10.0pt;font-family:Arial;color:navy'>, <st1:State
w:st="on">WA</st1:State> <st1:PostalCode w:st="on">98112</st1:PostalCode></span></font></st1:place><font
size=2 color=navy face=Arial><span style='font-size:10.0pt;font-family:Arial;
color:navy'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>Phone 206 329-6638<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'>rwiess@foxinternet.net <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=navy face=Arial><span style='font-size:
10.0pt;font-family:Arial;color:navy'><o:p> </o:p></span></font></p>
<div>
<div class=MsoNormal align=center style='text-align:center'><font size=3
face="Times New Roman"><span style='font-size:12.0pt;font-family:"Times New Roman"'>
<hr size=2 width="100%" align=center tabindex=-1>
</span></font></div>
<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'> wsbarp-bounces@lists.wsbarppt.com
[mailto:wsbarp-bounces@lists.wsbarppt.com] <b><span style='font-weight:bold'>On
Behalf Of </span></b>Howard Herman<br>
<b><span style='font-weight:bold'>Sent:</span></b> Friday, February 08, 2019
3:32 PM<br>
<b><span style='font-weight:bold'>To:</span></b> '<st1:PersonName w:st="on">WSBA
Real Property Listserv</st1:PersonName>'<br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: [WSBARP] Tenancy in
Common Agreement</span></font><font size=3 face="Times New Roman"><span
style='font-size:12.0pt;font-family:"Times New Roman"'><o:p></o:p></span></font></p>
</div>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:3.75pt;margin-right:0in;
margin-bottom:7.5pt;margin-left:0in;background:white'><font size=4 color=black
face=Helvetica><span style='font-size:13.5pt;font-family:Helvetica;color:black'>Nestor,<o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:3.75pt;margin-right:0in;
margin-bottom:7.5pt;margin-left:0in;background:white'><font size=4 color=black
face=Helvetica><span style='font-size:13.5pt;font-family:Helvetica;color:black'>We
use a document entitled: Notice of Real Estate Contract<o:p></o:p></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:3.75pt;margin-right:0in;
margin-bottom:7.5pt;margin-left:0in;background:white'><font size=4 color=black
face=Helvetica><span style='font-size:13.5pt;font-family:Helvetica;color:black'>It
needs to have sufficient information to identify the parties and the property.
No particular form. Might want to check with your local title co.<b><span
style='font-weight:bold'><o:p></o:p></span></b></span></font></p>
<p class=MsoNormal style='mso-margin-top-alt:3.75pt;margin-right:0in;
margin-bottom:7.5pt;margin-left:0in;background:white'><b><font size=4
color=black face=Helvetica><span style='font-size:13.5pt;font-family:Helvetica;
color:black;font-weight:bold'><o:p> </o:p></span></font></b></p>
<p class=MsoNormal style='mso-margin-top-alt:3.75pt;margin-right:0in;
margin-bottom:7.5pt;margin-left:0in;background:white'><b><font size=4
color=black face=Helvetica><span style='font-size:13.5pt;font-family:Helvetica;
color:black;font-weight:bold'>RCW <a
href="http://app.leg.wa.gov/RCW/default.aspx?cite=65.08.030"><font
color="#7dab8a"><span style='color:#7DAB8A'>65.08.030</span></font></a><o:p></o:p></span></font></b></p>
<p class=MsoNormal style='mso-margin-top-alt:3.75pt;margin-right:0in;
margin-bottom:7.5pt;margin-left:0in;background:white'><b><font size=4
color=black face=Helvetica><span style='font-size:13.5pt;font-family:Helvetica;
color:black;font-weight:bold'>Recorded irregular instrument imparts notice.<o:p></o:p></span></font></b></p>
<p class=MsoNormal style='text-indent:.5in;background:white'><font size=3
color=black face=Helvetica><span style='font-size:12.0pt;font-family:Helvetica;
color:black'>An instrument in writing purporting to convey or encumber real
estate or any interest therein, which has been recorded in the auditor's office
of the county in which the real estate is situated, although the instrument may
not have been executed and acknowledged in accordance with the law in force at
the time of its execution, shall impart the same notice to third persons, from
the date of recording, as if the instrument had been executed, acknowledged,
and recorded, in accordance with the laws regulating the execution,
acknowledgment, and recording of the instrument then in force.<o:p></o:p></span></font></p>
<p class=MsoNormal style='background:white'><font size=3 color=black
face=Helvetica><span style='font-size:12.0pt;font-family:Helvetica;color:black'>[ <a
href="http://leg.wa.gov/CodeReviser/documents/sessionlaw/1953c115.pdf?cite=1953%20c%20115%20%C2%A7%201."><b><font
color="#7dab8a"><span style='color:#7DAB8A;font-weight:bold'>1953 c 115 § 1.</span></font></b></a> Prior: <a
href="http://leg.wa.gov/CodeReviser/documents/sessionlaw/1929c33.pdf?cite=1929%20c%2033%20%C2%A7%208;"><b><font
color="#7dab8a"><span style='color:#7DAB8A;font-weight:bold'>1929 c 33 § 8;</span></font></b></a> RRS
§ 10599.]<o:p></o:p></span></font></p>
<p class=MsoNormal style='background:white'><font size=3 color=black
face=Helvetica><span style='font-size:12.0pt;font-family:Helvetica;color:black'><o:p> </o:p></span></font></p>
<p class=MsoNormal style='background:white'><font size=3 color=black
face=Helvetica><span style='font-size:12.0pt;font-family:Helvetica;color:black'>Howard
Herman<o:p></o:p></span></font></p>
<p class=MsoNormal style='background:white'><font size=3 color=black
face=Helvetica><span style='font-size:12.0pt;font-family:Helvetica;color:black'>509.220.5810<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<div>
<div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><b><font size=2 face=Calibri><span style='font-size:11.0pt;
font-weight:bold'>From:</span></font></b> wsbarp-bounces@lists.wsbarppt.com
<wsbarp-bounces@lists.wsbarppt.com> <b><span style='font-weight:bold'>On
Behalf Of </span></b>nestor@pplsweb.com<br>
<b><span style='font-weight:bold'>Sent:</span></b> Thursday, February 7, 2019
6:10 PM<br>
<b><span style='font-weight:bold'>To:</span></b> '<st1:PersonName w:st="on">WSBA
Real Property Listserv</st1:PersonName>' <wsbarp@lists.wsbarppt.com><br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: [WSBARP] Tenancy in
Common Agreement<o:p></o:p></p>
</div>
</div>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>I
would like to make the agreement of record. <o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=black face=Calibri><span
style='font-size:11.0pt;color:black'>Nestor Gorfinkel, Attorney at Law<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=black face=Calibri><span
style='font-size:11.0pt;color:black'>Licensed in <st1:State w:st="on">Washington</st1:State>
& <st1:State w:st="on"><st1:place w:st="on">Florida</st1:place></st1:State><o:p></o:p></span></font></p>
<p class=MsoNormal><st1:State w:st="on"><st1:place w:st="on"><font size=2
color=black face=Calibri><span style='font-size:11.0pt;color:black'>Florida</span></font></st1:place></st1:State><font
color=black><span style='color:black'> Civil-Law (International) Notary<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=black face=Calibri><span
style='font-size:11.0pt;color:black'><o:p> </o:p></span></font></p>
<p class=MsoNormal><b><font size=2 color=black face=Calibri><span
style='font-size:10.0pt;color:black;font-weight:bold'>ATTENTION - This e-mail
message and any attachment to this e-mail message may contain confidential
information that is legally privileged. If you are not the intended recipient,
you must not review, retransmit, convert to hard copy, copy, use or disseminate
this e-mail or any attachments to it. If you have received this e-mail in
error, please notify us immediately by return e-mail or by telephone at the
phone numbers provided herein and delete this message. Please note that if this
e-mail message contains a forwarded message or is a reply to a prior message,
some or all of the contents of this message or any attachments may not have
been produced by the sender.<o:p></o:p></span></font></b></p>
<p class=MsoNormal><b><font size=2 color=black face=Calibri><span
style='font-size:10.0pt;color:black;font-weight:bold'><o:p> </o:p></span></font></b></p>
<p class=MsoNormal><b><font size=6 color="#009900" face=Webdings><span
style='font-size:24.0pt;font-family:Webdings;color:#009900;font-weight:bold'>P</span></font></b><b><font
size=6 color="#009900"><span style='font-size:24.0pt;color:#009900;font-weight:
bold'> </span></font></b><b><font size=1 color="#009900" face=Verdana><span
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color=black face="Century Schoolbook"><span style='font-family:"Century Schoolbook";
color:black'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<div>
<div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><b><font size=2 face=Calibri><span style='font-size:11.0pt;
font-weight:bold'>From:</span></font></b> <a
href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>
<<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>>
<b><span style='font-weight:bold'>On Behalf Of </span></b>Howard Herman<br>
<b><span style='font-weight:bold'>Sent:</span></b> Thursday, February 7, 2019
4:59 PM<br>
<b><span style='font-weight:bold'>To:</span></b> '<st1:PersonName w:st="on">WSBA
Real Property Listserv</st1:PersonName>' <<a
href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>><br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: [WSBARP] Tenancy in
Common Agreement<o:p></o:p></p>
</div>
</div>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>Why not a partnership buy/sell agreement as to the property,
binding upon the parties, their heirs, successors and assigns. Incorporating
such other terms and conditions as agreed upon.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'>Howard Herman<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 face=Arial><span style='font-size:12.0pt;
font-family:Arial'><o:p> </o:p></span></font></p>
<div>
<div style='border:none;border-top:solid #E1E1E1 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><b><font size=2 face=Calibri><span style='font-size:11.0pt;
font-weight:bold'>From:</span></font></b> <a
href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>
<<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>>
<b><span style='font-weight:bold'>On Behalf Of </span></b>Eric Nelsen<br>
<b><span style='font-weight:bold'>Sent:</span></b> Thursday, February 7, 2019
1:16 PM<br>
<b><span style='font-weight:bold'>To:</span></b> '<st1:PersonName w:st="on">WSBA
Real Property Listserv</st1:PersonName>' <<a
href="mailto:wsbarp@lists.wsbarppt.com">wsbarp@lists.wsbarppt.com</a>><br>
<b><span style='font-weight:bold'>Subject:</span></b> Re: [WSBARP] Tenancy in
Common Agreement<o:p></o:p></p>
</div>
</div>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;color:#1F497D'>I think either could work. Depending on
terms it might be more like a right of first refusal than an option to
purchase. But in any event, you could put in a termination date that is
comfortable far in the future to ensure that your client can be sure, if he
doesn't want the property by then, he won't want it at all.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;color:#1F497D'>If you don't want a termination date at
all, certainly a TIC agreement could work. You probably need a covenant as
well, to agree not to sue for partition.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></font></p>
<div>
<p class=MsoNormal><font size=3 color="#1f497d" face=Calibri><span
style='font-size:12.0pt;color:#1F497D'>Sincerely,<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color="#1f497d" face=Calibri><span
style='font-size:12.0pt;color:#1F497D'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 color="#1f497d" face=Calibri><span
style='font-size:12.0pt;color:#1F497D'>Eric<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color="#1f497d" face=Calibri><span
style='font-size:12.0pt;color:#1F497D'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=3 color="#1f497d" face=Calibri><span
style='font-size:12.0pt;color:#1F497D'>Eric C. Nelsen<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color="#1f497d" face=Calibri><span
style='font-size:12.0pt;color:#1F497D'>SAYRE LAW OFFICES, PLLC<o:p></o:p></span></font></p>
<p class=MsoNormal><st1:Street w:st="on"><st1:address w:st="on"><font size=3
color="#1f497d" face=Calibri><span style='font-size:12.0pt;color:#1F497D'>1417
31st Ave South</span></font></st1:address></st1:Street><font size=3
color="#1f497d"><span style='font-size:12.0pt;color:#1F497D'><o:p></o:p></span></font></p>
<p class=MsoNormal><st1:place w:st="on"><st1:City w:st="on"><font size=3
color="#1f497d" face=Calibri><span style='font-size:12.0pt;color:#1F497D'>Seattle</span></font></st1:City><font
size=3 color="#1f497d"><span style='font-size:12.0pt;color:#1F497D'> <st1:State
w:st="on">WA</st1:State> <st1:PostalCode w:st="on">98144-3909</st1:PostalCode></span></font></st1:place><font
size=3 color="#1f497d"><span style='font-size:12.0pt;color:#1F497D'><o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color="#1f497d" face=Calibri><span
style='font-size:12.0pt;color:#1F497D'>phone 206-625-0092<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=3 color="#1f497d" face=Calibri><span
style='font-size:12.0pt;color:#1F497D'>fax 206-625-9040<o:p></o:p></span></font></p>
</div>
<p class=MsoNormal><font size=2 color="#1f497d" face=Calibri><span
style='font-size:11.0pt;color:#1F497D'><o:p> </o:p></span></font></p>
<div>
<div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0in 0in 0in'>
<p class=MsoNormal><b><font size=2 face=Tahoma><span style='font-size:10.0pt;
font-family:Tahoma;font-weight:bold'>From:</span></font></b><font size=2
face=Tahoma><span style='font-size:10.0pt;font-family:Tahoma'> <a
href="mailto:wsbarp-bounces@lists.wsbarppt.com">wsbarp-bounces@lists.wsbarppt.com</a>
[<a href="mailto:wsbarp-bounces@lists.wsbarppt.com">mailto:wsbarp-bounces@lists.wsbarppt.com</a>]
<b><span style='font-weight:bold'>On Behalf Of </span></b><a
href="mailto:nestor@pplsweb.com">nestor@pplsweb.com</a><br>
<b><span style='font-weight:bold'>Sent:</span></b> Thursday, February 07, 2019
10:56 AM<br>
<b><span style='font-weight:bold'>To:</span></b> '<st1:PersonName w:st="on">WSBA
Real Property Listserv</st1:PersonName>'<br>
<b><span style='font-weight:bold'>Subject:</span></b> [WSBARP] Tenancy in
Common Agreement<o:p></o:p></span></font></p>
</div>
</div>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>A
PC comes in and owns property with another couple. He wants to Buy them out
down the road and they agreed. He is afraid that if they should die first, then
the estate may or may not sell to him.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>Is
a tenancy in common agreement or option to purchase the way to go. My concern
with the option to purchase is that it must have a termination date, if not it
can be held unenforceable.<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'>What
do you my learned colleagues suggest?<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 face=Calibri><span style='font-size:11.0pt'><o:p> </o:p></span></font></p>
<p class=MsoNormal><font size=2 color=black face=Calibri><span
style='font-size:11.0pt;color:black'>Nestor Gorfinkel, Attorney at Law<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=black face=Calibri><span
style='font-size:11.0pt;color:black'>Licensed in <st1:State w:st="on">Washington</st1:State>
& <st1:State w:st="on"><st1:place w:st="on">Florida</st1:place></st1:State><o:p></o:p></span></font></p>
<p class=MsoNormal><st1:State w:st="on"><st1:place w:st="on"><font size=2
color=black face=Calibri><span style='font-size:11.0pt;color:black'>Florida</span></font></st1:place></st1:State><font
color=black><span style='color:black'> Civil-Law (International) Notary<o:p></o:p></span></font></p>
<p class=MsoNormal><font size=2 color=black face=Calibri><span
style='font-size:11.0pt;color:black'><o:p> </o:p></span></font></p>
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