With the onset of new land utilization practices the real estate sector become more complicated and several instances of irregularities had been noticed in past. A little knowledge on real estate legal provisions can help one to tackle the ongoing illegal practices in this sector. Real estate law is one of the strong safeguard mechanisms that ensure authentic practices both in commercial and residential real estate sector as well.
Our practice focuses on all areas of real estate. We handle complex cases involving real estate and mortgage fraud. We also work with clients to form legally compliant partnerships and joint ventures for affiliated businesses. We also represent Buyers, Sellers, Landlords and Tenants in real estate transactions. Our real estate attorneys provide legal assistance for acquisitions, complex financing transactions, landlord-tenant disputes, commercial leasing, contract drafting and negotiations.
The task of providing an adequate legal environment for land use is complicated in many developing countries by the existence of parallel and often overlapping formal and informal systems of land rules. The informal systems may be deeply grounded culturally, as with customary land tenure systems, or relatively recent initiatives in self-governance by communities when the state has failed to provide effective rules governing land use. These systems may have ambits clearly defined in law, or there may be overlaps between them, or national law may accord the customary system no legal recognition. In these cases there may be struggles for power over resources, with each side attempting to take advantage of its law.
The various issues encircling land are: -
Rental Law
Landlord–tenant law governs the rental of commercial and residential property and is composed primarily of state statutory and common law.
Land Contracts
Land transactions, such as buying a house, are governed by state contract law and a variety of federal laws, such as the Federal Fair Housing Act.
Mortgages
A mortgage involves the transfer of an interest in land as security for a loan or other obligation. Mortgages are mainly governed by state statutory and common law.