What is real estate?
The term real estate refers to any property such as land or any buildings; therefore, a real estate attorney is someone who handles real property matters. Finding legal representation that aligns with your specific real estate needs and possesses expertise in your pertinent legal matters is vital to any case.
What does a real estate attorney do?
Real Estate lawyers provide counsel and representation in matters pertaining to property rights, sales and acquisitions, landlord-tenant relations, real estate financing, land use regulations, and tax compliance. Their roles encompass facilitating transactions, resolving disputes, and guiding clients through their legal responsibilities in such cases.
First determine, is a real estate lawyer what you need in your situation?
Real estate attorneys may specialize in federal, state, or local laws governing properties, encompassing both land and any existing structures. Distinguishing between attorneys who specialize in residential or commercial properties is essential in assuring you are retaining the right attorney for your case. Their scope of practice extends to various aspects of real estate, including titles, deeds, estate regulations, estate planning, property taxes, real estate contracts, zoning and more.
Key areas of expertise for real estate attorneys encompass:
- Ownership and tenancy rights concerning real property (leasing terms, tenants rights and evictions processes)
- Transactions, such as sales and acquisition (a.k.a. buying, selling, using, and leasing)
- Property rights and interests (covers the rights to own and use land and buildings)
- Real estate financing (such as mortgages, deeds, financing agreements, creating negotiable terms with lenders and ensuring agreements/contracts comply with relevant local and state laws)
- Tax regulations related to real estate (can impact real estate transactions and ownership, covers property taxes, capital gains taxes, and tax incentives for real estate investment and development)
Notably, not all attorneys possess comprehensive knowledge across all these specialized areas.
Knowing your attorney’s qualification:
Given the variability of real estate laws across states, it is imperative to find an attorney well-versed in real estate law within your jurisdiction. Verifying your attorney's licensure within your state, is advisable to ensure their standing, which can be confirmed through resources such as Indiana's Roll of Attorneys.
In brief, real estate attorneys provide support in navigating complex transactions, resolving conflicts, and ensuring compliance with legal obligations, thus safeguarding the interests of their clients.
Contacting an attorney:
You can contact the Law Offices of Eugene Mogilevsky to schedule and attorney consultation by calling the office at (317) 743-7958 or by submitting an online contact form. Please visit our website or contact us directly for more information!
Disclaimer: This blog post is for educational and informational purposes only and is not to be taken as legal advice in any capacity. Reading this blog does not constitute or establish an attorney-client relationship.