Tuesday, January 15, 2013

Understanding the Role of Real Estate Attorneys | Law Summer ...

Real estate laws can be difficult to decipher and often require the assistance of trained professionals in the field. Whether you are buying or selling property, a real estate attorney who has experience is essential in ensuring that everything goes smoothly with the transaction. Real estate lawyers offer legal advice and services related to purchasing or selling private and commercial properties.

If you are wondering if you need a real estate attorney, there are several situations where this assistance can be beneficial. Clients who are looking to lease commercial buildings or property will need an attorney to ensure that all contracts are properly drafted and to help with negotiations on price and other issues. Should you encounter difficulties during the transaction and litigation is necessary, you will definitely need an experienced real estate attorney to assist you.

In general, anytime that property changes legal owners, an attorney is normally present. The real estate lawyer ensures that all contracts and closing documents are properly filled out and filed and in most cases of real estate purchases, the attorney can act as the trust for money that is paid as a down payment.

If an issue arises with the title, an attorney will be able to assist you in reviewing the commitment. The attorney typically has paralegals or other professionals who do thorough title searches to ensure that there are no issues present. Things that need to be considered include easements and right of ways as well as encroachments, liens, restrictive covenants, mineral interests and other things that can get in the way of sole ownership of the property. An attorney with experience in real estate laws will be able to help you to ensure that your property title is clean and if any issues are present, he or she will be able to advise you on the best way to handle those issues.

Source: http://www.lawsummerschool.com/understanding-the-role-of-real-estate-attorneys.html

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