Property Lawyers are legal professionals specializing in managing disputes that are related to real estate property matters. A dispute related to property may arise for a number of reasons, which include disagreements related to the boundaries of a property, breaches of contract related to the transaction of a real estate property, issues related to the construction or use of the land, disputes between landlords and tenants, and more.
A real estate law attorney would also represent his or her client in property-related cases and work to ensure their legal rights and interests. A commercial lease lawyer may offer legal advice, negotiate settlements on behalf of his clients, represent them in court, or draft legal documents, including contracts and deeds.
Some of the common areas of practice for a real estate attorney will include real estate law, construction law, landlord-tenant law, and environmental law. Depending on a specific case, these lawyers would also work with other professionals such as surveyors, appraisers, and engineers so as to gather evidence and build a strong case for their clients.
Property Lawyers who could offer expert advice for matters related to property
A real estate attorney specializes in property law and is experienced enough to handle disputes related to property ownership, title issues, and boundary disputes. A commercial real estate lawyer near me will also help in situations where one party is trying to back out of a real estate deal or where a property under the contract has been damaged or destroyed. Mentioned below are some of the legal issues where a property lawyer would be needed:
Purchase Agreement: This type of contract is related to the sale of a property. It will include the names of both parties, the address where the property is situated, the signatures of the parties involved in the contract, and the closing date.
The different types of Purchase Contracts have been discussed here as follows:
Association Agreement: In these agreements, a real estate agent would also be involved in the sale of the property.
General Purchase Agreement: It is similar to the above-mentioned agreement between the seller and purchaser for the sale of a property; in these agreements, however, real estate agents will not be involved.
Property-Specific Purchase Agreement: It is a land purchase agreement.
Real Estate Assignment Contract
Generally used in the sale of a property, this contract is signed between a homeowner and the buyer. A real estate assignment contract would be signed when the owner of a property agreed to sell the rights to purchase the property to an investor and both parties signed the contract.
This contract would give the real estate investor the right to purchase a property (not for himself), which they could further sell to another buyer.
The end buyer would pay an assignment fee to the investor and thus buy the property from the homeowner.
It is to be noted that the Real Estate Assignment contract does not provide the investors with the title to the property.
Lease Agreement-
It is a real estate contract signed between a property owner (landlord) and a renter (tenant) of the property. The landlord would agree to offer the property to the tenant to reside in at a specific monthly rate. The contract would include important conditions, including a security deposit, payment of utilities other than the time period for the lease and the amount of the rent that has to be paid.
All such important conditions will be included in the contract in order to prevent any legal disputes in the future. A watertight agreement could be drafted by an experienced commercial lease attorney.
Power of attorney:
A power of attorney will be used in situations where the principal (i.e., a person who has given permission for someone to act in his place) is not in a condition or is physically unable to sign such a contract. In these situations, the principal would appoint another party to act on his behalf, therefore signing the power of attorney with them. A power of attorney can be signed in the following situations:
The principal is physically disabled
The principal has been hospitalized or has such an illness that it will not be possible for him to sign the contract.
The principal is not in the country and is therefore unable to sign the contract.
The principal owns several investment properties and therefore cannot be present everywhere.
The principal is elderly and therefore will not be able to sign the contract.
Conclusion-
If you are going to purchase a new real estate property, then it is possible that you are going to sign a real estate contract. There are various types of contracts in real estate and hence, it is advised to seek proper guidance and assistance from commercial real estate attorney near me so that you do not face any legal problems due to the contract you have signed.
Lead India offers you a team of experienced advocates who have been successfully dealing with issues involving real estate matters and therefore can provide you with necessary legal advice and assistance with various procedures for legal paperwork. Hence, if you wish to talk to a lawyeror seek free legal advice ,you may contact us.
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