Buying and selling a home or commercial piece of land is one of the most important personal and financial commitments an individual or business may make. That is why it is crucial to know exactly what you buy, in terms of boundaries, title, and the condition of the premises. Real Estate law provides protections for buyers, sellers, land owners, contractors, real estate agents, and builders.
During the transaction, it is important that the sales and purchase documents are well written in order to avoid problems and delays later on. Litigation might arise where the parties to a transaction have a dispute. Real Estate litigation might concern zoning, construction defect, homeowners associations, or boundary disputes.
State Law vs. Federal Law
- State real estate law regulates commercial and residential real property transactions and landlord-tenant relationships.
- Federal law protections exist for discrimination under the Fair Housing Act and for environmental violations. For more specific information about this topic, see the Real Estate and Property Law article.
How Will a Mortgage Affect Me?
Many people seek financing through mortgages either to buy real property or to afford improvements on the property. As with any other debt, it is necessary for those interested in mortgages to be aware of the nature and offers of the lending institution. The loan is often secured by a mortgage on the residence or commercial property. Failure to make payments may result in foreclosure.
Do I Need an Attorney’s Help?
Understanding the nuances of local real estate law is often difficult. Complex transactions are best handled using the services of a lawyer that specializes in real estate law and has a demonstrated proficiency in this field. Additionally, any concerns regarding the condition or boundaries of the land, title, or mortgage should also be evaluated by a lawyer. Present your case to a real estate lawyer now.
Common Real Estate Law Areas
A real estate agent is a licensed professional authorized to conduct real estate business in…
Commercial real estate law regulates the sale and transfer of properties for business use. A…
Condominiums and cooperatives are types of common interest communities that individuals can reside in. In…
Construction law is the body of laws that includes all aspects of building, from the…
Construction laws include all aspects of building, from the initial bidding process to the negotiation…
Under the United States Constitution, the government is permitted to take and use property for…
Foreclosure can be a devastating event for many families. It means losing a home and…
Landlords are allowed to deny housing on the basis of legitimate business reasons. A few…
Zoning is a manner in which a local government attempts to create uniform neighborhoods and…
In general, landlord-tenant laws will typically apply to all stages of the rental process associated…
When a prospective property purchaser is wanting to purchase a piece of property, they will…
Real estate and property law encompasses a wide variety of topics, including buying, selling, using,…
Property exchange is a legal alternative to the regular purchase and sale of property which…
Real estate finance law is an area of the law that is heavily influenced by…
Property taxes are taxes that are assessed on property you own. In many states, real…
A title dispute typically involves two adjoining landowners disagreeing over who actually owns a piece…
Real Estate law is what provides the legal guidelines and protections for those involved in the sale and purchase of real property. Real property refers to property that is affixed to the land, or a piece of land itself, as opposed to personal property, which is property that is typically…
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