Selling and purchasing property has never been easy, and the economic roller coaster of the past few years hasn’t helped simplify the real estate finance world. Whether you are looking to sell a small lot at a profit or acquire a shopping mall, there is much to consider in terms of contracts, build out negotiations, insurance, and countless other potential pitfalls. Needless to say, real estate finance questions don’t stop at the final contract. Real estate law covers a broad range of legal issues involving developing, managing, financing, constructing, and leasing commercial and consumer property beyond the foundational buying and selling. Consumer and commercial real estate litigation can be complicated, and it is important to have qualified legal counsel when doing business in the field of real estate finance.
Commercial Real Estate Litigation
Commercial real estate litigation refers to law practices concerning commercial real estate, in other words, retail properties, office buildings, hotels, warehouses, shopping centers, apartment complexes, manufacturing facilities, and vacant land that may be developed for these types of buildings. Beyond merely the purchase of the property and the contracts involved therein, commercial real estate litigation may be necessary to remedy such problems as title or deed disputes, construction defect claims, or breaches of purchase agreement, in addition to countless other possible claims. In an economic climate where opportunities in commercial real estate are both widespread and unpredictable, legal issues can quickly become problematic without savvy legal counsel to navigate around possible hazards.
Consumer Real Estate Litigation
Consumer real estate litigation refers to law practices concerning residential property. An essential topic for prospective home owners to understand, this branch of real estate finance law may deal with questions of mortgage payments, residential leases, and sale agreements. Consumer real estate litigation also touches on issues regarding real estate brokers or agents including cases of non-disclosure, fraud and breach of contract. Buying or selling a home is a complex undertaking, usually necessitating a lengthy legal process. As this may be the single largest purchase a buyer will ever make, it is critical for those considering purchasing a home to understand the implications of each step of the process from the initial offer to the closing to working with real estate agents. Regardless of your role in the procedure, experienced legal counsel can provide much needed guidance through the maze of paperwork and decisions.