What Do Property Lawyers Do?
Property lawyers provide their clients with legal advice when it comes to real estate and property disputes. Property lawyers can help with negotiations, due diligence, litigation, foreclosures, deed transfers, zoning restrictions, and coordination with lending agents or any other parties involved in the sale of a property.
What Is Property?
Property is anything that belongs to someone and can either be given, bought, or sold to someone else. A property can be either tangible or intangible, and it can belong to someone in one of two ways. Property can be yours through possession or through title, or both. Possession means you physically control that property. You may be living on it or utilizing it in some way to have possession of it. Title property refers to whoever owns the documentation of that land or building. In many cases, the property owner may have both title and possession, but this isn't always the case.
If there is any confusion over who is the rightful owner of a property, a property lawyer can help you settle the dispute. Different types of properties can have different regulations. Regulations may also vary from state to state.
What Are Different Types of Property?
Property is a broad term that covers a few different areas: real property, personal property, and intellectual property. Real property refers to land or a building, like private or commercial real estate. ( Here is an article outlining more details about real property.) Personal property refers to anything you own other than real property. This can include your personal belongings, stocks, bonds, investments, vehicles, or anything else that belongs to you. Intellectual property is intangible and usually needs a licensing agreement to prove they are solely yours.
Intellectual property can be licensed to you through a patent, a trademark, or copyright. A property lawyer can help you settle disputes with all types of property, though it is ideal to hire a lawyer specializing in the type of property you are seeking help with specifically.
When Do I Need a Property Lawyer?
If you are in the midst of litigation over some type of property, are looking to settle a dispute, or are looking to take possession of a property, you may want to consider hiring a property lawyer. A property lawyer can ensure property contracts are being respected. They can also offer legal advice to help you deal with a difficult landlord or tenant. If you are unsure of how to settle a dispute or purchase or sell on your own, a property lawyer can help you understand the information at hand to help you make the best possible decision for you. Here is an article that outlines all the tasks a property lawyer can help with in greater detail.
What Are Issues a Property Lawyer Can Help With?
If you are being sued by a landlord or tenant, or you are considering purchasing a property, you should meet with a property lawyer. If you are looking to file a suit, it is advisable to get legal counsel from a property lawyer first. They know the ins and outs of real estate and property law and are best positioned to help you deal with whatever real estate or property matters you have. Legal contracts are filled with legal jargon that can be confusing to most people. A property lawyer can help you understand the terms and conditions of a contract before you sign it.
How To Hire a Property Lawyer
If you are considering hiring a property lawyer, there are a few things you should consider first. Here is a list of things to think about when it comes to hiring a property lawyer:
- Decide what type of property lawyer best suits your needs.
- Meet with a property lawyer for a consultation before hiring them.
- Ask relevant questions to your situation to see what they suggest.
- Meet with more than one property lawyer to compare advice and determine which one is the right fit for you.
- Choose a property lawyer with experience in the area you are seeking help with.
- Be open and honest about your situation so the property lawyer can best assess your situation beforehand.
Some states actually obligate buyers and sellers to hire a property lawyer or real estate lawyer to complete a transaction. If this is not the case in your state, you should still consider doing so to ensure you are protected throughout the transaction. Ask your potential property lawyer for more information on how they intend to handle your case and what the best possible outcome they think they can get for you is.
What Questions Should I Ask My Property Lawyer?
Depending on why you are hiring a property lawyer, you should have a series of questions ready to go. Here are some common questions you can ask to help evaluate if a property lawyer is a right fit for you:
- Ask if they can break down legal jargon for you.
- Ask if they can draft up contracts on your behalf.
- Ask how much experience they have in the area you need help with (sale, purchase, landlord or tenant relations, etc.).
- Ask them how much they charge and how and when they expect payment.
The Benefits of Hiring a Property Lawyer
It may sound tempting to go it alone and save the money on a property lawyer, but not hiring one today could cost you way more in the long run. Property lawyers have experience with contracts and understand legal jargon that you may not. Before signing an offer or other contract, it's important to know what you're signing to ensure there are no unforeseen consequences for you down the line. A property lawyer will also be familiar with local laws and can help you understand how they are applied in various situations. Here is a link to help you find property lawyers in different states.
If you are looking at buying or selling a property without rights, you should seriously consider hiring a property lawyer. If paperwork or contracts are not filed properly, you may be looking at hefty fines down the line. To be safe, hire a property lawyer to help you complete your transaction the right way.
What to Look for in a Quality Property Lawyer
A quality property lawyer will be able to explain your legal problems to you in terms you can understand. They should also be able to offer you advice on how to go about this situation in the best way possible. Quality property lawyers can offer you concrete examples of how to deal with certain property management nightmares and will have experience in handling such cases themselves. A good property lawyer can help you buy or sell a property with existing tenants, draft legal paperwork to protect you, and will be able to help negotiate on your behalf.
Hiring a property lawyer is a way to safeguard yourself during legal proceedings. If you are going to court to settle a dispute, are purchasing or selling a property, or are looking for help in foreclosure proceedings, a property lawyer can help. Hiring a property lawyer today can save you money in the future. Looking to grow and expand your wealth while safeguarding yourself and your family? Meet with a property lawyer today to find out how they can help you grow your investments.