My Commercial Property Is Disputed. Where Can I Find A Real Estate Attorney Near Me ?
- leadindia831
- Oct 5, 2023
- 4 min read
Property Lawyers are legal professionals who specialise in handling matters related to real estate property matters. A dispute over a property could arise for various reasons, including disagreements related to the boundaries of a property, breach of contract for transaction of a real estate property, issues related to the construction or use of certain land, disputes between landlords and tenants, and many more.
A Real Estate Law Attorney represents his client in property related cases and would work to ensure their legal rights and interests are safe. A commercial real estate attorney offers legal advice, negotiates settlements for his clients, will also represent his clients in the court of law or would help draft legal documents such as contracts and deeds.
A Realty Lawyer, generally deals in real estate law, construction law, landlord-tenant law and similar cases. Based on certain cases, commercial lawyers will also work with other professionals such as surveyors, appraisers or engineers in order to gather evidence and build a strong case for their clients.
Property Lawyers for real estate matters-
A real estate attorney specialises in property law and will be experienced enough to handle disputes related to property ownership, title issues, and boundary disputes. A Commercial Real Estate Attorney Near You will also help in situations where one party tries to back out of a real estate deal previously contracted or where a property under the contract is 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 name of both parties, the address where the property is situated, the signatures of the parties involved in the contract as well as the closing date.
The different types of Purchase Contracts have been discussed here as under-
State/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 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 agrees to sell rights to purchase a property to an investor and both the parties sign the contract.
This contract would give the real estate investor the rights to purchase a property (not for himself), which they could further sell to another buyer.
The end buyer would pay assignment fees to the investor, and thus shall 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 of the property.
Lease Agreement-
It is a real estate contract signed between a property owner (landlord) and a renter (tenant) to the property. The landlord would agree to offer the property to the tenant to reside in at some 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 which 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 the permission for someone to act in his place) is not in a condition or is physically unable to sign such a contract. Here, in these situations, the principal would appoint another party to act on his behalf, therefore signing the power of attorney to them. Power of attorney can be signed in the following situations-
The principal is physically disabled
The principal is hospitalised or has such an illness where it is not possible for him to sign the contract.
The principal is out of the country, hence unable to sign the contract.
The principal owns several investment properties and therefore is not possible to present everywhere.
The principal is elderly and therefore, will not be able to sign the contract.
Conclusion-
It is probable that you will sign a real estate contract if you decide to buy a new piece of property. There are various types of contract in real estate and hence, it is advised to seek proper guidance and assistance from a Commercial Real Estate Attorney Near You, so that you do not face any legal problem 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, in case you wish to talk to a lawyer or seek free legal advice, you may contact us.
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