Real Estate Litigation
Southern California is home to a wide array of business, commercial, residential, and industrial real estate properties. At one point or another, most Southern Californians have rented, sold, or purchased a piece of land or property. Property and business law disputes can influence companies and families on financial, physical, and psychological levels, and all of these contribute to making real estate litigation an intricate and contentious area of law.
Real estate law enforces regulations and legal codes specific to property valuations, contracts among buyers, real estate agents, sellers, and lessors, building environmental hazards, property security and safety, mortgage payments, eviction, foreclosure, and other official dealings.
Transactions handled by realtors or real estate agents can go wrong for many reasons, including lease agreement violations, failure to reveal property problems, buy-sell agreements with unfulfilled contingencies, purchase agreements with unaccounted encumbrances, mechanics' liens or judgments that are unresolved, title defects, and more.
About Purchase Agreements
Real estate agents and realtors are usually the ones who handle real estate transactions in Los Angeles, but many buyers and sellers also seek advice and protection from a legal professional. By conducting an extensive review of a purchase contract, for example, a qualified attorney can help protect you from expensive and lengthy litigation in the future. Some of the areas of real estate that are commonly disputed are title defects, unresolved mechanics' judgments, failure to disclose property defects, and violation of lease agreements.
About Property Liability
Property owners of commercial or residential land have several responsibilities and legal duties, especially when it comes to receiving permits to expand a piece of property or make any renovations. Similarly, property owners who rent their space have obligations to ensure that tenants occupy a safe premise, free of potentially harmful chemicals, toxic substances, gases, or other hazardous materials. Businesses and individuals are also responsible for the upkeep of a piece of property so as not to cause any significant damage. If parts of a property are harmed, renters or lessors may be held accountable and required to cover financial costs of damages or neglect.
Owning an office for a business or a home for a family is typically a significant financial commitment, investment, and asset. Not only are there mortgage payments, but an owner of property is in charge of making sure that any repairs are made to enhance safety as well as paying bills that provide a property with running water, electricity, and gas. Real estate law governs how property is paid for, sold, leased, and otherwise compensated and managed to help reduce fraud, embezzlement, misappropriation, and contamination or unsafe premises that could lead to serious injury, illness, or death. In order to protect your rights during real estate litigation, it is imperative that you have the support and counsel of an experienced legal professional. Call our firm today to set up a consultation.