How Enforcible are Contracts?

[SLowman]

Thanks for all of your advice. I think I should clarify some things, though.

First, to Lambada: the length and amount of the contract is entirely up to me; 12, 24, 36 months is my call.

For others commenting about the owner ending the contract, that is not my concern. Moreso, if MY status would change for some unforeseen reason and I had to leave early, how would I get the money back from someone who does not live in the country.

I certainly would put the money into a trust with my attorney, whom I trust implicitely, but the money would be spent in a six month period for the finishing of the house, at which time I would be moving in to live there for the specified time.

I should also note that the owner would also be sending money into the trust to complete the house, as the small amount I would invest is not enough to cover the costs. He would be trusting me to utilize that money as needed for the contractor(s).

[Lambada]

So the issue from your point of view is not so much one of trust that someone could use your money for other purposes, rather than whether this property will be ready for you at the end of the 6 months?