Hiring a real estate lawyer is the best way to make sure your property rights are protected. But, with so many different areas of law that they can specialize in, how do you know which area will be the most helpful for your situation? This article will discuss the most common areas of law that they work with on a day-to-day basis. These include:
1) Contracts and Agreements
Contracts and agreements are the basis of every real estate transaction. A lawyer will make sure everything is in order before it goes to settlement, including reviewing all relevant documents such as an offer letter or a purchase agreement.
2) Property Law
Property law is broad and includes everything from fundamental ownership rights to zoning laws. A real estate lawyer will help you understand your property’s limitations regarding what you are allowed to do with it, for example, build a fence or sell it.
3. Property Tax Issues
Property tax issues involve real estate lawyers representing their clients when fined by taxing authorities. This could be due to zoning violations or inaccuracies found at settlement time because additional taxes may be applied after purchase, depending on what was missed during contract negotiations. They also help lower assessed value issues where homeowners feel like their house’s value has been over-estimated by the government.
4. Obligations
Obligations are a type of law that focuses on land improvements, especially regarding easements and deed restrictions. They also include rights of way or other access issues such as water supplies, fire hydrants, roads, or bridges.
5. Easements
Easements allow one party to use another person’s land for specific purposes, such as access roads or power lines. This area focuses on transfers through an easement agreement between two parties, including defining how much access the second party has while considering any restrictions placed by local ordinances. Once these elements have been defined, they then go over all documents related to the sale of a property to ensure they are all per these agreements and laws.
Conclusion
A real estate lawyer is an invaluable resource for anyone who owns transacting in the real estate industry. With so much at stake, it is always in your best interest to hire one. If you are interested in learning more about hiring a real estate lawyer or real estate specialties, contact Stone & Sallus Law today. We can help you understand what you need and make sure everything is in order.