A real estate lawyer also handles disputes that may arise between a landlord and tenant. Wrongful evictions, damage to rental property and accidents on a persons property are other types of cases that a real estate lawyer handles Business Trusts.
If a mortgage company is sold to another party, then a real estate lawyer can assist a person desiring to get a lien released. If a contract is not honored, a real estate lawyer can also help one get out of a signed contract. Cases like this would be if a landlord agrees to a set monthly payment for a set number of years yet tries to increase your lease payments before your lease has expired. A real estate lawyer can either settle the dispute by notifying the landlord that he has to abide by his contract or if you wish to be absolved of the lease then a real estate lawyer can help to remove your contractual obligations.
In cases of divorce, a real estate lawyer should be consulted so that each party gets their equal share of the property assets. If one party wishes to keep the home without selling it to an outside party, the real estate lawyer can draft the documents needed to ensure that one party keeps the home while the other party gets his or her compensation. This usually involves one party paying the other for their share of the home.
If one has purchased a new home and finds that it is damaged in any way or if one has purchased an older home with damage that they were not notified about (such as termite damage), a real estate lawyer is certainly needed to handle these types of cases. A home costs a lot of money and undisclosed damages can become quite expensive. Sometimes they can lead to a home being condemned.
A real estate lawyer can assist a person so that he or she can get his or her money back for the home. In some cases, he can handle the tasks needed to ensure that the selling party pays for any undisclosed damages.
Of course, when it concerns cases of damaged property, one would have to prove that the seller knew of the damage and failed to let the buying party know about it. A real estate lawyer has experience in handling these types of cases and also experience when needing to prove that the seller knew of the damages before a sale.
Another type of case that a real estate lawyer can handle is when disputes arise over insurance claims. If one has insurance against fire damage and their home burns to the ground, a real estate lawyer should be hired if the insurance company refuses to pay just compensation.
A real estate lawyer can negotiate with the insurance company to get his or her client’s fair compensation for not only the market value of their home but also for the contents that were destroyed in the fire if these were covered in the insurance.