4 Things A Real Estate Lawyer Will Do To Ensure Your Documents Comply With The Law
When buying or selling a home, you want to ensure that all your documents comply with the law. If you fail to do this, you could face serious penalties, including a fine or even jail time. Fortunately, real estate lawyers are skilled in analyzing documents and ensuring they comply with the law. If you work with them, they'll help you avoid legal problems and ensure your transaction is smooth. Here are four things they'll do to make sure your documents are compliant:
Review the Contract
A contract is one of the most important documents during a real estate transaction. It outlines the terms of the deal and protects both the buyer and seller. It should also be binding and enforceable in court. A real estate lawyer can review your contract, whether it's a buying or selling contract, and ensure it complies with state and federal laws and the rules of your local real estate board. They'll also ensure that it's valid and all the terms are fair.
Ensure All Disclosures Are Made
There are dozens of disclosures that need to be made during a real estate transaction. Some of these include the seller's property disclosure, lead-based paint disclosure, and sewer lateral disclosure. A real estate lawyer will ensure that all the appropriate disclosures are made to protect you from liability.
Check for Zoning Compliance
Zoning laws vary from state to state, but they all have one thing in common: they dictate how land can be used. When buying or selling a piece of property, it's important to ensure that the land is zoned for the type of activity you're planning to use it for. If you don't have documents showing that the property complies with local zoning laws, you could be fined or even forced to stop using the land for its intended purpose. A real estate lawyer can tell you whether or not a piece of property is zoned for the activity you're planning to use it for. They can also help you apply for a zoning variance if you need one.
Conduct a Title Search
Title searches are used to find any liens or encumbrances on the property. They can also help you determine if there are any easements, rights of way, or other issues that could affect property ownership. Without a title search, it can be difficult to know if you're the rightful owner of a property or if there are any outstanding issues that could affect your ownership. A real estate lawyer will conduct a thorough title search to ensure the property is free and clear of any liens or encumbrances.
Hiring a real estate lawyer is a smart way to protect your rights and interests when buying or selling a home. They'll do everything to make sure you comply with the law.
