Real estate law is the area of law that governs buying, using and selling land. This law governs the acquisition of property and how it is developed. There are many different aspects of real estate law, for example, deeds, titles, purchase financing, zoning, taxes and estate planning.
Real estate law is established by state and local jurisdictions, and encompasses the purchase and sale of real property. This includes land and any structure on it. It also covers legal issues related to anything that is attached to the property or structures, such as appliances and fixtures. A real estate attorney prepares or reviews all of the documents that are signed at the closing of a real estate purchase. The attorney is then present at the closing to represent the buyer’s (or the seller’s) interests.
A typical day for a real estate attorney may include performing due diligence for a property development, which would include reviewing title, surveys, third-party reports, and other items pertinent to obtaining a comprehensive legal understanding of the project. Other days may be spent drafting, reviewing and negotiating documents necessary to complete the particular transaction, such as loan documents, purchase and sale agreements, leases and other ancillary documents. Closing a real estate transaction requires coordination with the client and opposing counsel. Accordingly, lawyers may spend chunks of time during the day discussing issues with their client or opposing counsel in order to properly document, negotiate and close a deal.
Do not hesitate to contact the attorneys at Tishkoff if you have questions regarding real estate law, litigation, business or employment law.