Sales/LeasesTransactions involving real estate can be extremely complex. In most cases, you’ll need the help of an experienced business lawyer to help you navigate laws surrounding real estate sales and leases.
Common Legal Matters Pertaining to Sales and LeasesSales and leases often represent contracts involving large sums of money. As such, they can present problems between buyers and sellers as well as landlords and tenants. While some of these issues can be resolved privately or through mediation, others must be litigated in a court of law.
Breach of ContractWhen buyers and sellers agree on the details of a real estate sale or lease, the specifics of this agreement are recorded in a written contract and signed by both parties. At the time of the signing, this contract becomes legally binding. After that time, if either buyer or seller fail to uphold their end of the contract, they can be held legally responsible. If you find yourself in this unfortunate situation, you’ll need an experienced business lawyer to defend your best interests. He or she can persuade a judge to enforce the terms of the contract and to award damages incurred as a result of the breach.
Misrepresentation of PropertyUnfortunately, not all real estate agents or sellers are honest in their dealings. Sometimes, sellers are so eager to sell a property that they will attempt to hide the property’s defects or otherwise misrepresent it to potential buyers. Of course, this is against the law, and agents who participate in this unethical practice should be held liable. A business attorney or real estate attorney can help you collect damages incurred as a result of the purchase of a misrepresented property.
These are just two examples of the many situations that may require help from a business attorney. Other cases may involve commercial leases, negligent construction, environmental or code compliance issues, tenant default, and more.