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Real Estate Lawyers -
What they do, who needs them & why
Real Estate Attorneys deal with or specialize in real estate law (Property law), the area of law that governs the various forms of ownership in real property. In the civil law system, there is a division between movable and immovable property. Movable property roughly corresponds to personal property, while immovable property corresponds to real estate or real property, and the associated rights and obligations there on.
State law controls commercial property and residential real estate transactions and landlord-tenant relationships. Some federal law protections exist for discrimination and environmental violations. In either case it may be prudent to seek the advice of a real estate attorney before troubles are encountered when making a purchase and sale of a residence, condominium or cooperatives.
Buying and selling a home or commercial property is one of the most important personal and financial commitments someone can make. That is why it is important to know exactly what you buy, in terms of boundaries, title, property tax and the condition of the property and have the contract or sales agreement reviewed or drafted by a real estate attorney. Property law provides protection for both the landowner seeking to improve the property and the construction contractor providing services, but a good lawyer can sometimes offer the best protection before a decision is made and help avoid a construction dispute.
Many people seek financing through mortgages so they can buy real estate or to afford improvements on the property. As with any other debt, it is important for those interested in mortgages to be aware of what the lending institution is about. Real estate attorneys can assist with any aspect of a real estate transaction.
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