Search
Resources
Archive

You are currently browsing the archives for the Real Estate Law category.


Warning: include(/home/openreal/public_html/wp-content/themes/WP-Florida-Executive-Home/468x60.php) [function.include]: failed to open stream: No such file or directory in /home/openreal/public_html/wp-content/themes/WP-Florida-Executive-Home/archive.php on line 19

Warning: include() [function.include]: Failed opening '/home/openreal/public_html/wp-content/themes/WP-Florida-Executive-Home/468x60.php' for inclusion (include_path='.:/usr/lib/php:/usr/local/lib/php') in /home/openreal/public_html/wp-content/themes/WP-Florida-Executive-Home/archive.php on line 19

Archive for the ‘Real Estate Law’ Category

Virginia Real Estate Lawyers

Thursday, June 11th, 2009

Real estate lawyers are lawyers whose practices specialize in cases involving real estate transactions, land disputes, and property claims. These lawyers assist buyers and sellers of real estate and property by answering the questions they have regarding the legal aspects of real estate transactions and by guiding them through the entire process of buying or selling real estate. Virginia real estate lawyers are lawyers who offer their legal services for real estate transactions in the state of Virginia. Most of the real estate lawyers in Virginia provide the entire spectrum of real estate legal services like counseling their clients, summarizing documents, and discussing and finalizing the terms of the contracts or transactions.

If you are planning to engage in a real estate transaction in Virginia, then you need to consult a Virginia real estate lawyer. The lawyer must have experience in all commercial and residential real estate transactions. Expertise is particularly required in matters related to the sale of property, financing and development, construction contracts, and real estate and property investments. Typically, experienced real estate lawyers in Virginia are well aware of their clients’ business concerns and objectives.

Real estate lawyers seek both individuals and companies as their clients. Companies that wish to hire a real estate lawyer have to be careful to ensure that the lawyer is not only faithful to the business objectives but is also a thorough professional who can represent the company in a respectful manner. Companies should also make sure that the real estate lawyer that they select has enough experience and adequate training in handling the kind of transactions that the company normally engages in.

An experienced real estate lawyer would prepare the contracts favoring their client. They would conduct a title search to ensure that no claims exist against the property that is being bought. Such careful handling of cases is warranted to ensure that the deal is completed in a secure and hassle-free manner.

Virginia Lawyers provides detailed information on Virginia Lawyers, West Virginia Lawyers, Virginia Accident Lawyers, Virginia Real Estate Lawyers and more. Virginia Lawyers is affiliated with Texas Family Lawyers.

Georgia Real Estate Lawyers

Thursday, June 11th, 2009

Thinking of buying a home in George? You might want to consult with a Georgia real estate lawyer. Georgia real estate lawyers can help you in negotiating a contract and also provides assistance with the settlement of your home.

There are usually four kinds of legal fees: there are hourly fee arrangements, contingency fee arrangements, percentage fee arrangements and flat fee arrangements.

The hourly fee arrangement is based on the circumstances surrounding the case and the Georgia real estate lawyer’s expertise. In this arrangement, the client is mostly responsible for miscellaneous expenses such as filing fees, court fees, transcripts and sheriff’s fees. The client will also pay for the time spent in the performance of legal work such as in attending meetings, doing research, drafting documents and making phone calls.

Contingency fee arrangements are most often used in personal injury claims and collection cases, but it can also be used in the settlement of real estate disputes (this payment scheme is not allowed in criminal and divorce cases, though). Under this arrangement, the lawyer will not receive any legal fee unless the client recovers some money. Should the client win the case, the lawyer receives a certain pre-approved percentage of the recovery ranging from twenty five to forty five percent. This percentage depends on the anticipated volume of work, the probability of recovering witness fees and how complex the involved issue is. In cases of appeal, the percentage might go up. The client may also be responsible for out-of-pocket expenses such as filing fees and depositions. Remember that all contingency fees arrangement must be put in writing, bearing the signature of both lawyer and client.

In flat fee arrangements, the lawyer gives a specific legal advice to the client in exchange for a specific sum of money. This type of payment is not usually used in real estate transactions in Georgia, though – it is more applicable in criminal defense matters and also in the preparation of a simple will.

Percentage fee arrangement is sometimes used in the administration of an estate and in the buying and selling of a home. The fee is a fixed percentage of the real estate value.

Georgia Lawyers provides detailed information on Georgia Lawyers, Georgia Injury Lawyers, Georgia Real Estate Lawyers, Georgia Divorce Lawyers and more. Georgia Lawyers is affiliated with Georgia Automobile Insurance Laws.

Ohio Real Estate Lawyers

Sunday, June 7th, 2009

While Ohio real estate law does not require you to have a real estate lawyer, there are certain instances in which having a lawyer may be a good idea. When buying a property that has any common interest developments, it may be difficult for the average consumer to discern between parts of the property that are for one’s exclusive use versus parts that are for community use. Common interest developments, such as condominiums, may have ongoing litigation that may have an adverse effect on the future value of the property. A real estate lawyer can explain what the possible outcomes of ongoing litigation may be, so you can make an informed choice about whether you want to invest in the property. A real estate lawyer can also help ensure that the title to a property is good before a buyer closes on a sale.

Try and find a lawyer who is recommended by someone you trust, such as a friend or family member. Never choose a real estate lawyer simply based on the recommendation of your real estate agent. However, you may be able to find a lawyer who is also a licensed realtor.

You should ensure that the lawyer specializes in real estate law by checking with state and local bar associations and realtors’ associations. The American College of Real Estate Lawyers (ACREL) website provides links to members by state, and has many members from Ohio.

Most lawyers will answer preliminary questions for free. Make a list of your questions and use this list to help you find a lawyer who you think will represent your interests in a competent and ethical manner. Before making a final decision, ask what the lawyer’s charges are. Some real estate lawyers will work on for a fixed fee in more straightforward cases.

Ohio Lawyers provides detailed information on Ohio Lawyers, Ohio Accident Lawyers, Ohio Real Estate Lawyers, Ohio Bankruptcy Lawyers and more. Ohio Lawyers is affiliated with Pennsylvania DUI Law.

Las Vegas Real Estate Lawyers

Sunday, June 7th, 2009

When one decides to buy a house, he plans to invest most of his money in this major asset. For the same reason, great care becomes crucial, and that is when the need for a good real estate lawyer comes in.

A Las Vegas real estate attorney will play the role of a watchdog who can guide a client through the details and paperwork necessary for any house sale in Las Vegas. His work includes preparing and reviewing the client’s sales contract, and making sure that buyers are aware of exactly what they’re getting and not getting. A diligent lawyer will act as a liaison between the buyer and the lender in order to avoid any last-minute surprises. He would then summarize the documents, which should be signed by the client to facilitate the transaction. Sometimes, after the sales contract is approved, problems may arise which might require the contract to be revised. At this stage, a good Las Vegas real estate lawyer will help settle such disputes peacefully. Depending on the amount of time spent on the case, Las Vegas real estate lawyers will charge flat fees of anywhere from $300 to $1,000.

However, the job of a Las Vegas real estate lawyer goes beyond handling the sale and purchase of a house. It also includes negotiating and planning agreements for purchases and sales of businesses. They also represent purchasers or sellers in real estate transactions, for example, finalizing the contract of commercial or retail properties.

It is also the duty of a Las Vegas real estate lawyer to act as a local counsel and issue opinion letters on Las Vegas issues in transactions throughout the United States and overseas.

Las Vegas Lawyers provides detailed information on Las Vegas Lawyers, Las Vegas Bankruptcy Lawyers, Las Vegas Real Estate Lawyers, Las Vegas Personal Injury Lawyers and more. Las Vegas Lawyers is affiliated with Fort Worth Criminal Attorneys.

Massachusetts Real Estate Lawyers

Sunday, June 7th, 2009

Buying/ selling real estate in Massachusetts can get you into a tangle if you are not aware of the formalities. This is where a lawyer should come in to the picture to help you with all the legal aspects, because each contract or deed you sign is legally binding. This means it has a lot of legal jargon attached that a lawyer can help you decipher. For instance, the Massachusetts law puts an obligation on the seller to disclose certain information to the buyer. Certain information can be withheld unless the buyer asks for it. The buyer, as well as the seller, should be specifically aware of their rights and responsibilities before entering into an agreement.

Massachusetts’s real estate lawyers help clients in several aspects: preparation and review of the sale deeds, providing advice on financing and negotiation, dealing with any litigation, and much more. Everything from home inspection, to the purchase and sale agreement and the mortgage/financing aspects can be discussed with a legal expert. The most important thing the lawyer will do is ensuring that no other person has a claim to the property. This could be especially difficult with inheritances, especially where the person/persons concerned are no longer alive. Real estate contracts are different from other contracts in the sense the courts can force the execution of the contract under a special remedy called “specific performance.” Another important concept is the “Equitable conversion,” under specific performance that says the buyer becomes an equitable owner of the property even before the delivery of the deed. The seller remains a holder of the legal title as a security for the payment. Sometimes, the buyer and seller can disagree on aspects like repairs, holdback of funds, appliances and built-ins, deposit amounts, and ‘use and occupancy’ agreements. A lawyer can handle all these problems. Another common real estate problem is “adverse possession.” It is the process of acquiring title to a property by occupying it physically for a long time. Such cases are dealt with using special lawyers at the Land Court.

Ideally, a good Massachusetts real estate lawyer will offer you sound advice in order to prevent any future problems. There are several legal firms in Massachusetts, where you can locate a good lawyer. Most of them can be looked up on the Internet. These companies o have websites where clients can contact lawyer or request information.

Massachusetts Lawyers provides detailed information on Massachusetts Lawyers, Massachusetts Real Estate Lawyers, Massachusetts Divorce Lawyers, Massachusetts Personal Injury Lawyers and more. Massachusetts Lawyers is affiliated with Louisiana Real Estate Lawyers.

Real Estate Lawsuit – An Interesting Case

Sunday, June 7th, 2009

The stage: A million-dollar condo in one of the top pre-construction developments in South Florida, a high-rise oceanfront luxury building on a prime Beach location.

The complaint: Buyer signed a contract and paid the deposit. A few months later and well before scheduled completion, he is given notice of certain modifications to the building. The most significant was about the private elevator to his unit. The developer is now announcing that the private elevator will be shared between two apartments.

Other changes imply reduction of certain amenities areas.

The buyer wants to cancel the contract and get his deposit back alleging that the changes will substantially decrease the value of his condominium unit in this ultra-luxury building.

The developer does not agree, stating that the proposed changes are not material or substantial and would therefore be allowed by the contract. It is not refunding the buyer’s large deposit.

Two years ago, it wouldn’t even have been an issue. The buyer would reluctantly agree to the changes since his contract would have meant a couple of hundred thousand dollars profit by just “flipping” it to one of the dozens of eager investors on a waiting list.

But this is 2006 and things have changed a lot. Developers cannot find that waiting list
anymore and investors are leery of the market’s future.

The case is in its initial phase.

It is not a really unusual situation and I wouldn’t have pointed it out but because it is illustrative enough of how the market has changed.

What is your opinion and what is your prediction of the outcome? I would value your input…

Please visit my website: http://www.condo-southflorida.com and write me with your comments at: hbnathan@bellsouth.net

Atlanta Real Estate Law

Sunday, June 7th, 2009

The main idea behind the formulation of Real Estate Laws is the protection of public interest. This license law pertaining to real estate in Atlanta has been in place for a very long time, since 1926 to be exact. Some changes were effected in the law in 1999. The headquarters of the Georgia Real Estate Commission is in Atlanta.

For either buying or selling a house in Atlanta you will need to use the services of a broker. The broker’s commission is generally paid by the seller.

People do not step into the property market with ready cash in hand. Most home buyers need to borrow money in order to purchase their home. Even people who have enough assets to liquidise and finance a new home go in for financing deals as in the long run the returns on the money are better as real estate appreciates pretty fast. At times tax relief is a main reason for going in for a mortgage. The home loan taken by property buyers is called a “mortgage.” Generally, a mortgage is a loan of money to the home owner secured by a “lien” on the real estate. The law provides for issues like non payment of mortgages, foreclosure and the like.

Rules regarding the fine details of mortgage deals are laid down specifically by law. There are basically three types of mortgage options. A fixed rate mortgage carries an interest rate that remains fixed throughout the term of the mortgage. The second option is the adjustable rate mortgage that carries an initial fixed rate of interest. And after a fixed time interval the rate of interest reflects market trends. The third option is a balloon mortgage under which after a fixed monthly payment for a fixed time period the balance becomes payable all at once. Generally those who do not qualify for the first two types of mortgages opt for this one. And when the fixed time period is over they go in for refinancing the mortgage. Another option available is referred to as the home equity loan. Under this a floating rate of interest over a period of time is applicable.

Direct lenders such as banks and other financial institutions offer loans. The applicant’s ability to pay back the loan is assessed and once all formalities are completed the loan comes through. Getting the best interest rates will however need some homework as rates vary from bank to bank and region to region. A good place to get mortgage related information would be http://www.iown.com.

Atlanta Real Estate provides detailed information on Atlanta Real Estate, Atlanta Real Estate Agents, Atlanta Commercial Real Estate, Atlanta Real Estate Listings and more. Atlanta Real Estate is affiliated with Chicago Suburb Real Estate.

Hazardous Trees And The Duty To Inspect

Sunday, June 7th, 2009

Trees can be a nuisance.

Common Law recognizes two types of nuisance: public nuisance and private nuisance. A public nuisance is defined as an unlawful act or omission, which endangers the safety or comfort of the public. Examples of public nuisance include obstructing a highway, keeping a common gaming house or selling unwholesome provisions. On the other hand, there are two types of private nuisance. The first involves any wrongful disturbance of an easement or other right in respect of land. The second, by far the most common, involves the act of wrongfully causing or allowing the escape of injurious things onto another person’s land such as, for example, water, smoke, smells, fumes, gas, noise, heat, electricity, vibrations, animals and vegetation.

A shade tree that is an object of beauty to the owner of the property upon which the tree stands, may be nothing but a nuisance to the next door neighbour. The neighbour may have to contend with falling leaves, overhanging branches, roots that extend into his drains or the wind driven fall of the tree onto his property. Since the planting and growth of a tree is a natural use of one’s property, the question revolves around the type of remedies that are available to the adjoining neighbour to combat these nuisances. Negligence may come to the neighbour’s aid, but the law of nuisance is the principal remedy. Nuisance in this sense refers to a use of one’s property, which causes material discomfort and annoyance for the ordinary purposes of life, to a neighbour or to his property.

The most troublesome source of damage is the tree that falls onto the neighbour’s home. In one case a windstorm which evidence indicated could occur once every two years, broke off the top portion of a tree approximately thirty-five feet above the ground, and it fell on the roof of the adjoining home. While the break occurred because of advanced internal decay and ant-tunnelling, there was no reason for the tree owner to know that the tree was decayed or dangerous and should have been cut down. There was evidence that the neighbour enjoyed the shade provided by the tree which was very close to the property line, and that the neighbourhood in which the two properties were located, was well treed and homes were normally built among the trees.

The Judge decided that there was no liability because the growing of the tree was a natural use of the property.

A recent decision, however, examines a different question: whether Common Law imposes a duty on property owners to have trees on their land routinely inspected by an expert to determine whether any of them constitute hazards. This particular action was based on damages as a result of a tree falling on a wharf. The tree was approximately 125 to 150years old, approximately 180ft. long and approximately 4ft. in diameter. The tree fell because it suffered from a disease, which causes root and trunk rot. There was no wind or other external force that caused the tree to fall. The defendant did not know that the tree was a hazard or that it was under distress of any sort. He also did not have the expertise to recognize a tree that was in distress. He was able to see the top of the tree from his home because eagles perched on it. He did not think that the tree was lacking in foliage.

From a practical point of view, the only way the defendant could have known about the hazardous tree would have been to have his property inspected by an expert. No experts had inspected the property prior to the accident.In fact, the tree grew at the top of a steep, forested slope and, while it was clearly visible from the neighbour’s house, the defendant was unaware of the condition of the tree also because it was difficult to access.

On crashing down on the wharf, the fallen tree caused CAD $35,000 in damages and the waterfront owner lost his dock.

There was a difference of opinion between the expert witnesses called by each party as to whether the amount of foliage, the discoloured and raised bark and a ten-degree lean towards the dock were evidence enough of a hazardous tree. However, they did agree that only an expert would have been able to determine that the tree was diseased.

On examining the case law brought forth by the lawyers, the Judge found no duty on the part of property owners of relatively inaccessible, densely forested land to hire experts to routinely inspect trees. In fact, the Judge commented as follows:

“In my view the law does not impose on landowners in British Columbia a duty to hire an expert to routinely inspect their forested land. Reasonableness requires that the landowners pay attention to trees that line busy roads, or are adjacent to homes or areas where there is frequent human traffic. Reasonableness also requires some action to be taken if signs of decay become visible to the ordinary person from a routinely accessible vantage point. It is not reasonable to require landowners to retain an inspector to scale steep slopes and wade through dense underbrush in order to locate signs of decay.”

Whereas the instant case was therefore dismissed, the Judge further commented that landowners “[...] who live next to busy roads or homes or areas used by the public, and who have reasonable access to the trees on their properties, have a duty at Law to inspect those trees for signs of disease that justify obtaining expert advice”.

Luigi Frascati

Luigi Frascati is a Real Estate Agent based in Vancouver, British Columbia. He holds a Bachelor Degree in Economics and maintains a weblog entitled the Real Estate Chronicle where you can find the full collection of his articles on Real Estate Economics and Finance. Luigi is associated with the Sutton Group, the largest real estate organization in Canada, and is based with Sutton-Centre Realty in Burnaby, BC.

Is It Possible To Sell Your Own House

Sunday, June 7th, 2009

As the title mentions, I think it is time to pay attention the possibility to avoid expensive real estate agents if you are about to sell your house.

I think the agents are doing a great job, but if you have a house in a popular area, why not try and sell it yourself, meaning you will save thousands of dollars.

To do this, here is a list of things you can do:

Start with preparing your house for the sale. Painting, cleaning the house. And try to use Feng Shui to send the best “message” to a buyer.

Then comes the advertisement. You should use the internet to do this. A local newspaper may work also, but the net is the best. Try to use google adwords and Overture to send traffic to a website with your presentation of the house. Register this website on a lot of directories etc.

When somebody show interest in the house, let them sea all the details about the house. Let them stay there for 1-2 hours if they want. The longer the better. They will get attached to the house. Don’t press them to buy, but create a strong foundation instead. Then the sale will come anyhow.

When somebody says “yes”, then you should contact a lawyer to do the contracts etc. This you shouldn’t do on your own. It is important to avoid any legally complications, as this demands a lot of unnessesary energi.

I hope you will have success with your house selling.

About The Author Dennis Sorensen

Dennis Sorensen is a full time deed writer in Denmark.

Dennis has put the deedwriting into the internet through http://www.billigt-skoede.info, instead of the old fashion way. This is a now becoming a new trend in Denmark. He is also the owner of the first blog about realestate in Denmark, http://www.skoedecentret-blog.info

A Loop Hole in California Landlord Tenant Law

Sunday, June 7th, 2009

Under California law landlords have to adhere to housing standards and must refrain from using self help. There are housing standards that if violated will deem the property untenable, meaning it cannot be rented out.

The property is deemed untenable, if it substantially lacks the following:

(1) Effective waterproofing and weather protection of the roof, walls, windows, and doors;

(2) gas facilities maintained in good working order;

(3) a water supply capable of producing hot and cold running water, and connected to a sewage disposal system;

(4) heating facilities maintained in good working order;

(5) Electrical lighting, maintained in good working order;

(6) the building, the grounds, appurtenances, and all areas under control of the landlord starting from the time of the commencement of the lease or rental agreement have to be kept clean, sanitary, free from all accumulations of debris, filth, rubbish, garbage, rodents, and vermin;

(7) an adequate number of appropriate receptacles for garbage and rubbish, in clean condition and good repair at the time of the commence of the lease or rental agreement, and the landlord is responsible for the clean condition and good repair of the receptacles under his or her control;

(8) floors, stairways maintained in good repair.

The landlord also has to be sure he complies with local ordinances and any remodeling has to comply with existing building codes.

A landlord of a dwelling cannot legally demand rent, collect rent, issue a notice of a rent increase, or issue a three day notice to pay rent or quit, if the property is untenable and:

(1) A public officer or employee who is responsible for the enforcement of any housing law, after inspecting the premises, has notified the landlord or the landlord’s agent in writing of his or her obligations to abate the nuisance or repair the substandard conditions;

(2) The conditions have existed and have not been removed 35 days after notice was received from a public officer and the delay is not for good cause;

(3) and the conditions were not caused by an act of the tenant or the tenants failure to act.

A landlord that demands rent, collects rent, or issues a notice of rent increase, or issues a three day notice to pay or quit and the four conditions are present then the landlord liable to the tenant for the actual damages, plus special damages of no less than $100 and not more than $5,000.00. The prevailing party is also entitle to reasonable attorney fees and costs.

This does not mean that the tenant can cause these conditions and it does not mean that
the landlord is liable if the tenant chooses to live in substandard conditions. The landlord has no duty to repair a dilapidation if the tenant is in substantial violation of the following affirmative obligations:

(1) The tenant is obligated to keep that part of the premises which he occupies and uses clean and sanitary as the condition the premises permit;

(2) The tenant is required to properly dispose for his dwelling unit all rubbish, garbage and other waste , in a clean and sanitary manner;

(3) The tenant is obligated to refrain from giving permission to any person on the premises to willfully destroy, deface, damage, impair or remove any part of the structure and the tenant also must refrain from doing such things;

(4) The tenant is obligated to occupy the premises as his abode, utilizing portions for living, sleeping, cooking or dining purposes only as the dwelling was designed and intended to be used.

These are the most basic requirements, but the list of obligations and responsibilities is much broader and imposes even more responsibilities on the landlord. What is shocking, is that a landlord is allowed to legally harass a tenant, even when the landlord has no viable claim and is in violation of the preceding. A landlord can initiate eviction proceedings and even evict a tenant, even if the landlord is in violation of the aforementioned housing violations. If the tenant is able to obtain counsel to represent the tenant the landlord can litigate the lawsuit and then on the day of trial simply dismiss the lawsuit.

If the landlord alleges a contract violation as the basis of the lawsuit, the landlord can dismiss the lawsuit at the very last minute and not incur any attorney fees or costs, because if there is an attorney fee provisions in the lease agreement there is no winner when the landlord voluntarily dismisses the case. It is a loophole that essentially encourages frivolous lawsuits. Under California law the landlord could bring a frivolous lawsuit several times and dismiss them just before trial after the tenant has exhausted thousands defending the lawsuit. This is how a landlord can harass a tenant legally.

It is not right, it is not fair, and certainly not just, but it is the result that was created by the State Legislature.

Attorney Arnold Hernandez represents primarily consumers, small businesses, and victims of personal injury. Visit attorney Arnold Hernandez’ website for valuable information.

Personal injury attorney escondido, san marcos, oceanside, vista, carlsbad, encinitas, fallbrook, rancho bernardo