4 Instances When You Should Seek Legal Counsel From A Real Estate Attorney

Law Blog

When performing any real estate transaction, you should comply with the regulations. These laws are designed to protect your interests and ensure the transaction is fair. While some regulations may seem minor, breaking them could result in severe penalties. To avoid any legal complications, it is best to consult with a real estate lawyer before engaging in any transaction. Here are four instances when you should seek legal counsel from real estate attorneys.

When Buying or Selling Property With Contaminated Soil

If you're purchasing or selling property that has contaminated soil, you need to be very careful when handling the transaction. You may be required to comply with several environmental laws before completing the sale. If the contamination is discovered after the sale is finalized, you will be liable for any cleanup costs. A real estate attorney can help you navigate the legal issues surrounding purchasing or selling property with contaminated soil. They'll also find out if your homeowner's insurance policy covers the contamination.

When Zoning Laws Change

Zoning laws are dynamic. They are always changed to fit the needs of the municipality. If you plan on buying a property, you need to ensure that you are up-to-date on the current zoning laws. Otherwise, you could run into some serious legal trouble. A real estate attorney can help you stay up-to-date on the current zoning laws and help you navigate any changes that may occur.

When You're Negotiating a Lease

If you're leasing commercial property, a lawyer should review the lease before you sign it. Many potential pitfalls can be hidden in the fine print of these agreements. So, if they're not reviewed, you could end up paying a lot more money than you anticipated or be unable to get out of the lease if your business isn't doing well. Real estate lawyers are experienced in spotting potential issues and can negotiate favorable terms. If you hire them, they'll ensure the agreement protects your interests.

When You Have a Dispute With Your Homeowners' Association

You can have a dispute with your homeowners' association over several things. You may disagree with them on how they are handling money or property belonging to the association or have a problem with how they are enforcing the rules of the community. If you have tried to resolve the issue on your own and have not been successful, you may need to seek legal counsel from a real estate attorney. These lawyers will review your case and help you determine the best course of action.

Seeking legal counsel from a real estate attorney before engaging in any transaction is wise. They'll protect your interests and ensure you get the best outcome.

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15 November 2022

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