Pros and cons of hiring a real estate lawyer

 If you still have not bought your dream house or your much-desired condominium, then it is high time that you opt for that. Real estate market is getting its momentum with each passing year and the prices of real estate are going up at a rapid pace. Investing in real estate is really a good choice, especially with the prices are soaring high. Therefore, even if you wish to sell your real estate property, it is an almost guaranteed fact that you will get more than what you have invested.

Now most of the common people are a little reluctant about hiring attorneys as they think that attorneys are out there to take away their hard-earned money and they bill more than they work. To cut a long story short most people except the lawyers of course do not have a great impression about the lawyers, but it is not true at all. In fact, if you are skeptical about taking the assistance of real estate attorney then you are actually stepping into troubled waters.

Download legal forms

Here is the risk that you are running by not employing a real estate attorney to take care of your property dealings. Suppose you want to invest in a piece of real estate in a foreign country then you will need to take the help of a local attorney who will smoothen out the entire dealing for your benefit. He can also help you make specific changes in the document so that the terms and conditions are in your favor. For example, at first you may not notice the various laws that are applicable to the property transaction, at times there are certain other laws that affect the transaction of the property as well. In case you are in a foreign country, you might not be able to comprehend the language in which the document is written, so the real estate attorney might help you decipher the document correctly.

Canada legal forms

Even if you are in your country then the lawyer may also help you understand the complicated language written in the documents and simplify it for you. A real estate attorney may be able to spot loopholes in a document that might not cross your mind.

Beware of certain words that can be a deal breaker , you need to be aware of such terms and the real estate attorney will help you take care of these concerns. There are some other issues like zonation or the permitted use laws need to be addressed properly as well. Some of the other miscellaneous laws that the real estate attorney will help you take care of are environment restriction laws, tax issues and some other trivial matters that might pop up any moment and turn a good agreement into a great deal of misery for the owner.

Many real estate lawyers offer free initial consultations.  So, if you are unsure about a potential real estate matter, it certainly pays to seek competent legal advice.

 

Lease & Rental Forms download free

Free Real Estate Forms

Whether you’re planning to rent or sell your home yourself, or are an investor in real estate, forms and contracts are an absolute necessity. Now you can have access to a professionally created home sale contract as well as over 60 other commonly used real estate forms.

Created by a former, licensed Real Estate Agent, Legal Home Forms was designed to offer instant access to the most sought after type of real estate forms. The Free real estate forms are general fill in the blank. 

Download Free Real Estate Forms

Residential Lease Agreement

Tenants of rented units, whether these are fully furnished homes or unfurnished studio apartments or flats, are all bound by a lease agreement. This document generally lays down the landlord’s ground rules, all of which the tenant will have to abide by.

There are two kinds of agreements for residential units: Lease agreement and Month to Month Rental Agreement. Lease Agreements are used when the lease period lasts for at least a year and both parties are restricted from making changes in the interim, unless this is done in writing and is legally enforceable. Month to Month Rental Agreements are usually set for short and indefinite stays. Rent is paid on a monthly basis and the tenancy agreement may be done verbally. However, even if a tenant is leasing on a monthly basis, it is still advised to put everything in writing.

free legal forms

A Residential Lease Agreement, be it for a long term or short term stays, may vary from state to state, or even from city to city, but wherever the agreement is prepared, it should contain the names and addresses of the parties involved, the agreed upon rental rate, payment terms and the duration of the lease agreement.

In addition to these, Residential Lease Agreements also stipulate provisions or rules with regards to the upkeep of the unit (garbage disposal, payment of utility bills, pets and smoking, etc) as well as its corresponding penalties.

These are legal documents and are considered valid especially when both parties have affixed their respective signatures on it. To protect the tenant and the landlord, both parties are advised to have a copy of the signed lease agreement on file.