Real estate lawyer can assist in commercial and residential real estate. They can help with drafting contracts and legal documents, deal with construction and development issues.
One of the most common reasons you’d use a real estate lawyer is to draw up a contract or legal document. Lawyers can help you draft:
- Purchase agreement.
- Leases.
- Eviction notices.
- Title documents.
- Mortgage contracts and documents.
- Title and deed transfer documents.
If these items have already been drawn up, they can also help you better understand by explaining your liabilities, obligations, and other terms of the contract. Below are few scenarios which you need help of a
- You’re building or buying real estate property.
- You’re having issues with your landlord or tenant.
- You’re buying or selling a commercial property with existing tenants.
- You need help understanding your sales contract or other agreement.
- Your development project is up against land, title, or environmental issues.
- You want help negotiating a better deal.
- You need assistance with foreclosure proceedings.
- You’re buying a property that has physical issues, is in a hazard-prone area, or environmental toxins.
- You want to better understand the liabilities a real estate transaction or property might present.
- You’re buying from another state or country and aren’t sure of the local laws.
- You’re buying a bank-owned property or property with liens against it.
FINDING A REAL ESTATE ATTORNEY
If you’ve decided you want the help of a real estate lawyer, ask for recommendations from your lender, or real estate agent, friends and loved ones. Before hiring a real estate lawyer, schedule a consultation to see if it’s the right fit. You should also make sure to choose a lawyer in the right part of the industry, as residential and commercial real estate transactions are very different.
If you don’t require lawyer, there’s a good chance you can proceed without one. As long as you choose an experienced real estate agent, they should be able to guide you through most of your real estate transaction. If you come across any legal issues or disputes, though, an experienced lawyer is always your best defence.
One needs a professional on their side to defend their best interests when making a real estate transaction. However, finding the right one to help you with your matter is one of the most challenging tasks when performing a property transaction. Here are some effective tips to help you attain a best legal representative:
INTERVIEW SEVERAL LAWYERS
Every situation is different. Typically, you will find every real estate lawyer, each one of them may not be competent enough to handle your case. Therefore, you should interview several attorneys to figure out which one could provide high-quality service.
CONSIDER LAWYER’S EXPERIENCE
When interviewing a lawyer, the first thing you must consider is their experience in handling real estate cases. In addition, ask the real estate lawyer if they have handled anything similar to your case before. Eventually, consider the legal representative who holds extensive experience in real estate laws and cases similar to that of yours, and seems prepared to overcome any issues that might come up when handling the case.
HAS IMMENSE LOCAL FAMILIARITY
Real estate is relatively a local matter. Thus, always prefer to choose a real estate lawyer who is knowledgeable about local property pricing, taxes, and differences in neighbourhoods. You need a lawyer who is well-familiar with the location where you are buying/selling in order to ensure that you are getting the most favourable outcome from your deal.
FINALLY, CHOOSE THE LAWYER WHO YOU ARE MOST COMFORTABLE WITH
Besides taking into account all the tips, you must give importance to your instincts. Ultimately choose the one that seems more approachable to you.
CONCLUSION
We hope this article sheds some light on the importance of hiring a qualified real estate lawyer to ease the process of buying property. For the common man, it is impossible to gain a thorough knowledge of all relevant Indian real estate laws and procedures in their state.
But this knowledge is extremely important to make sure that you are not getting involved in illegal activities. Hiring an expert lawyer is the safest course of action to avoid unwanted disputes.
