Real Estate & Property
Real estate and property matters can be complex, involving various types of legal documentation and processes. Below is an overview of key real estate legal services, and why each of them is important for property owners, buyers, and sellers.
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A deed is a legal document that transfers ownership of property from one party to another. Often, transferring title of a property will bring about tax, legal, or estate consequences of which you may not be aware. This is why it’s a good idea to consult with an attorney before transferring property between friends or family.
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An easement is a legal right to use another person's land for a specific purpose, such as accessing a driveway or running utility lines. Easements are important because they define the rights of individuals or entities to use a portion of your property, ensuring that all parties involved understand their rights and responsibilities. Having a well-drafted easement can promote peace between neighbors for generations to come.
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A sales contract is a legally binding agreement between a buyer and seller outlining the terms of a property sale. It includes details like the purchase price, contingencies, and closing date. Sales contracts are essential because they provide a clear framework for the transaction, protecting both parties by ensuring that expectations are documented and legally enforceable.
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A land contract is an agreement in which the buyer makes payments directly to the seller over time, often until the full purchase price is paid off, at which point the deed is transferred. This type of contract can be useful for buyers who may not qualify for traditional financing. Land contracts are important because they provide an alternative route to property ownership, helping individuals achieve their real estate goals when conventional methods are not an option.
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Property transfers involve the legal process of changing ownership of a property from one party to another. This can occur through sale, inheritance, or gifting. Property transfers are important to ensure that ownership is clearly and legally established, reducing the risk of disputes over who holds title to the property.
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Sale closings are the final step in the property sale process, where all documents are signed, funds are exchanged, and ownership is officially transferred to the buyer. The closing process is crucial because it finalizes the transaction, ensuring that all conditions of the sale are met, and that the buyer receives clear title to the property.
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A quiet title action is a legal proceeding used to resolve disputes or clear up issues related to property ownership. This is often necessary when there are competing claims or defects in the property's title, such as when property is purchased through tax sale, sheriff’s sale or judicial sale. Quiet title actions are important to ensure that property ownership is clearly established, allowing the owner to have full and undisputed rights to their property.
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A lease is a contract that allows a tenant to use property owned by someone else for a specified period, typically in exchange for rent payments. Leases are important because they clearly define the terms of the rental arrangement, protecting both the landlord and tenant by setting out each party's rights and obligations