Real estate law is defined as any rule that explains who can use a property and how it can be used. It is not limited to financial contracts or the actual sale of a property but may also govern the use of any structures on the land and how materials below the land can be used and by home. There are many aspects ask to real estate law covering both buying and selling a home, landlord and tenant law, foreclosure, land-use laws, construction, property taxes, financial details, and title and boundary disputes.
A real estate lawyer is someone who has the legal skills and knowledge to handle legal matters related to real property as well as the aforementioned topics. As a qualified, licensed real estate attorney I can review contracts verifying their validity and fairness beneficial to my clients.
What does a real estate lawyer do?
- Handle any legal issues pertaining to real estate and real property.
- Keep client information confidential.
- Provide in-depth understanding of real estate law to review contracts and protect all parties.
- Assist homeowners and real estate sellers as they prepare for full tax consequences of selling the property.
- Understand and explain the mortgage and equity loans.
- Set up and explain lease agreements, rent and security deposits, landlord and tenant law and disputes.
- Assist in avoiding foreclosure and foreclosure scams.
- Assist with property tax and deductions as well as home insurance.
There are two types of property: real property and personal property. Today, the term “real property” often shortened to just property, refers to land and fixtures upon the land including homes, structures, and buildings. Today, real estate is an American umbrella term for buying, selling, renting, and using land. Real property is land and anything erected on that land as well as growing on or affixed to including buildings and crops.
Personal property is anything other than land that can be the subject of ownership including stocks, cash or cash equivalent, notes, intellectual and intangible property.