Most land and property owners are unfamiliar with the term adverse possession in real estate law. In simple language, it is a legal doctrine that could allow another to gain rights to or ownership of your property. It sounds like a story from the old west. A squatter...
Real Estate
Are you considering selling to a house flipper?
You may have seen reality shows about “flipping” houses and late-night TV ads featuring people offering to buy your home for cash. There are even house flipper video games. You may not have given it much thought until you needed to relocate and sell your home fairly...
As a seller, can you keep your home from falling out of escrow?
Those in the market for a new home are often interested in homes that have “fallen out of escrow.” That means something went wrong with the deal between the seller and their presumed buyer, and the deal didn’t go through. Often, by the time that happens, the seller...
Should you use a contingency when you make an offer?
When you make an offer on a home, one thing you want to consider is if it’s a good idea to add in some contingencies. These can provide you with a way to get out of that offer if you need it. Without contingencies, your offer may appear more attractive to buyers,...
Knowing when to walk away from a real estate deal
You’ve been searching for the perfect piece of real estate for some time. Finally, something has come up and you’d like to put an offer in. After you’ve expressed interest, is it too late to walk away? What might cause you to back off from a deal in the first place? ...
3 kinds of net leases in commercial rentals
You started your business in your basement or garage, and it has really taken off. It’s time to get your first commercial lease so that you have space to grow. It won’t take long, however, to realize that commercial leases are a lot more complicated than residential...
Easements may affect real estate transactions
There are many things that you have to look into when you’re ready to purchase real estate. One of these is whether the property has an easement or not. An easement is an agreement that enables a party other than the homeowner to have a specific use of a property. If...
How can you back out of a house purchase?
Have you ever bought something from a store only to find you did not like it? Returning them was probably easy. Things are not so simple when buying real estate. You need to take much more care. Once you agree to purchase something, your only choice to get rid of it...
3 key provisions to include in a construction contract
Let’s face it, a construction project is a big deal. To ensure efficient execution of the project, it is important that both parties work out terms of reference. This is known as the construction contract. A carefully-written construction contract can protect both...
Illegal eviction can get you in legal trouble
You may own the property you have leased to your tenant, but you cannot kick them out any time you wish. Therefore, you need to follow the law when you need them to vacate your premises. Otherwise, it could amount to an unlawful eviction, which can be consequential....