Before we discuss when you need to speak with a real estate lawyer you should have an understanding of the basics of real estate law and how they affect you. Real estate laws cover things like terms, conditions, scenarios and your obligations when entering a deal involving land or buildings. This can include everything from farms, homes, apartment complexes or office buildings. They include the sale or purchase along with leasing of land or buildings and real estate laws were put into place to protect both parties ain any agreement.
The most common situations where real estate law will affect you are buying/selling your property, lease agreements, mortgages, closing home sales, foreclosures and landlord-tenant agreements. All of these situations are important and in many cases there is a great deal of money involved in the transaction. You need someone on your side that understands all of the details involved in these transactions and can help you understand them so you can make the right decisions. Let’s look at some of these cases and how they can impact you.
Buying/Selling Real Estate
At some point in our lives we buy a house and you need to know what your rights are as a buyer and what the responsibilities of the seller are according to the law. A real estate attorney who understands real estate law can inform you of all of this and keep the transaction free of stress and avoid any future litigation. The real estate lawyer can ensure that you have proper documentation every step of the way should any legal actions arise in the future. Both parties will need to agree to the terms and conditions laid out in the sale and attorneys for both parties are there to ensure that the agreement is adhered to. Here are some things that may come up during a sale of property.
If you own a business and you are looking for retail or office space, chances are you will lease before you buy a building. Having a real estate lawyer on your team will help ensure that the transaction goes smoothly. That the right zoning is there for your type of business and that you can use the property in a manner that you need to run your business. Your attorney can also help you avoid lawsuits on commercial property you own.
Real estate law is far more complicated that most people think, the average American only uses the services of a real estate lawyer when they are buying or selling a home. Business owners will rely more often on the services of a real estate lawyer but in either case real estate law isn’t something you want to tackle on your own.