Why You Need a Real Estate Lawyer More Than You Think
There are times when a real estate lawyer is extremely helpful in managing your property ownership. Although many realty transactions are handled through listing agents, there are occasions when these representatives’ knowledge base just is not adequate. Realtors typically attend training for less than a year, while attorneys are required to attend law school for four years post-college. The extensive training of an attorney gives them the ability to advise clients on an array of subjects.
Contracts are complicated documents, to say the least. The language in a realty contract must be gone over with a fine-tooth comb. Even if an individual carefully reads every word, some of the language can be quite confusing. For one thing, these documents are written in legal-speak, which is not something the average citizen has experience with. Furthermore, property sales are not only complex financial maneuvers, but also often involve emotional upheaval. When people buy or sell their homes, it can tug at their heartstrings. It is easy to miss something in a heavy legal document when you are purchasing your dream house or selling a beloved home. A real estate lawyer is a level head who can help clients navigate the bumpy waters of acquiring or releasing a “home sweet home.”
Property boundary disputes are another area where having a seasoned real estate lawyer on your team is a major plus. Imagine you buy a cabin in the woods. With no fences or close neighbors, you may be under the impression that you are king or queen of the forest, that is, until a neighbor shows up claiming he has inherited the piece of land right behind your house. When conflicting claims arise regarding boundary lines, it is necessary to have a land survey performed, records checked, and a knowledgeable attorney on speed-dial.
Tenants and landlords also need guidance in the vast sea of property negotiations. Both the landlord and tenant have certain rights, and these rights vary from state to state. For example, in some states, a landlord must give 48 hours notice before entering the property, or a 5-day notice if eviction seems imminent because of unpaid rent. A renter has the right to privacy in his or her rental space, provided certain stipulations are met. Sometimes misunderstandings occur and it takes a trained legal mind to effectively sort everything out. When a person’s home is involved, whether the residence is owned, leased, or rented, contractual language must be followed to the letter of the law.
When a real estate lawyer goes to school, he or she learns about leases, purchases, and sales of property. Lessons also are taught on zoning, tenancy agreements, eminent domain, and mortgages. In addition to classroom academics, attorneys gain valuable experience by clerking in law offices and spending time in courtrooms. When push comes to shove in the world of property, wouldn’t you rather seek guidance from a professional who has trained for years rather than none?