Investing in real estate can be one of the most important financial decisions you make in your adult life. Whether you are buying a house, a new building for your commercial business, or simply signing a rental lease for a condominium or apartment, there are plenty of legal issues that can arise. Thankfully, there are certified professionals that deal exclusively with this area of the law. By hiring a real estate attorney, you can ensure that your purchase or lease goes smoothly and follows the specific rules for your state. There are four categories of people that most commonly require the assistance of these lawyers:
Commercial Business Owners
As a business owner and, one of your top priorities is to secure and maintain the appropriate facilities. Depending on your industry, this could mean purchasing or leasing properties such as retail locations, factories, warehouses, and laboratories. Because these facilities will be crucial to the overall success of your operation, it is vital that ownership is acquired through a legal, fair, and beneficial deal with the seller. Hiring a real estate attorney can help to ensure that your investment is made securely and legitimately.
Settling down in a single-family home in the suburbs is a major life goal for many Americans. Purchasing the home you will raise your children in is one of the most important financial transactions facing many young families. In order to achieve a smooth, efficient home buying process, it may be necessary to consult an experienced real estate attorney. These legal professionals can provide guidance as you negotiate the terms of your sale. They will also be able to intervene on your behalf should the seller engage in any wrongdoing.
Depending on the size and scope of their real estate business, property managers and landlords can operate up to hundreds or thousands of units. Maintaining an entire apartment building requires the negotiation of contracts with a large number of tenants, making it difficult to keep track of invoices, service requests, and other business matters. When a problem arises with a tenant, a real estate attorney can be the landlord’s best resource. These lawyers can help property managers deal with problematic residents or situations regarding their buildings.
Conversely, tenants and renters may also come across situations in which they want to seek the assistance of a real estate attorney. Anyone who has rented in a major city can tell cautionary tales about the struggles of dealing with an inattentive or uncooperative landlord. In many cases, the consequences of an unfortunate scenario can be avoided altogether with proper legal guidance. Contacting a lawyer with experience in dealing with real estate will allow tenants to take action against landlords that do not obey the stipulations included in a lease contract.