Property lawyers are tasked with the duty of handling any legal work associated with the buying and selling of property. They understand all the legal formalities associated with property sale, buying and handling. Before hiring a property lawyer, it is important to ensure that they are qualified, licensed and have a good reputation. Some property lawyers are amateurs and do not know how to read into the legal paper work. It is important to understand the duties of a property lawyer in the event that you may need to hire one. Some of the common areas of duty of property lawyers include the following.
Property lawyers carry out document drafting. They prepare lease and rental agreements, finance agreements, purchase contracts and deeds for conveyance transactions. In some instances, real estate agents help clients in filling out these documents; however, only a licensed property lawyer can carry out drafting and revisions.
Property lawyers may give advice on real estate transactions. In such cases, the client negotiates their deals, signs the required contracts and then asks the property lawyer to examine the title for any legal and environment issues that the client is not able to identify. The lawyer ensures that the client does not fall into any unseen legal traps.
In case of a real estate lawsuit, the property lawyer represents their client in court. Duties include drafting documents and legal pleadings to file with the judge and being present for court hearings and trial. He or she can also negotiate and bargain with the suing party to work out settlement agreements.
Legal advice and negotiations
Property lawyers offer legal advice on property management, zoning violations, property taxes, value estimates and covenants on real estates. Since property lawyers have sophisticated experience with many residential and commercial property related transactions, they are able to negotiate for favorable terms and conditions for real estate deals through working with other lawyers, brokers, developers and investors.
Most property lawyers deal with mortgage and trust deed foreclosure. They protect the interest of the sellers, buyers and other parties to minimize the risk of financial loss. They represent lenders by guiding them through the foreclosure process, which may include filing a lawsuit in court. They also represent borrowers by challenging any mistakes or errors made in the foreclosure process by the lender. They also negotiate with the lender for a settlement in order to halt the foreclosure process.Share