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Andrew I understand the sentiment - I know I trust my family implicitly and without reservation...but perhaps that is all the more reason to document it properly? Also, as it is not an arm's length sale you should probably get a "friendly" agent's or agents' letter/s giving you an opinion...

what Asy said! get it done right. There was an earlier thread about where can I get a contract...much useful comment there. But I am too much of a luddite to post the link... Cheers N.