Real Estate And The Law


Area of Law: 

Have you ever dreamed about owning or managing real estate? Depending on what your real estate plans are you may find there are times when you need to seek the advice of a legal professional. A good piece of advice is if you are not sure about the laws around something you want to do you should contact a lawyer who specializes in the type of law you need clarification around. You should not simply go with your gut unless you want to worry about not being able to complete the work because you have found yourself in a legal snafu that could take years to untangle. Talking with a lawyer means you will know what you can and can not do and know you are not taking actions that you will regret in the future.

Financial Legal Issues:

There is a wide range of possible issues someone might face on their real estate journeys. For some, one of the first issues they face is how to finance their projects. Few people already have the money they need to finance their construction. In these cases, people may turn to banks, or private lenders such as Lantzman Lending Orange County in order to take out a wide range of loans including hard money loans or bridge loans. When taking out a loan it is important that you read and understand the terms of service. What are you putting up as collateral? Is the collateral something you could live within if your project faces unexpected challenges? It is important to know your rights and responsibilities in terms of such loans so that you do not get any unpleasant surprises which force you into court. You also do not want to be the person who puts up their house or farm, is unable to pay back the loan, and ends up homeless.

Environmental issues:

For others, issues arise at their construction sites. Before starting a project it is important to understand the local laws and ordinances. For those involved in construction, you will be required to complete an environmental impact report which describes the positive and negative environmental effects on both humans and the natural environment. This is the point to know if you have to change your plans in order to protect wildlife or to create a better environment for community members. It is important to know in advance what environmental issues might arise in the future. You do not want to stop your construction midway because an issue arises which you were not prepared to respond to.

Health and Safety Laws:

For all construction projects, it is important that you follow all health and safety requirements. You want to make sure you have onsite rules and managers in place to decrease the likelihood of personal injury and decrease the likelihood of being brought to court. In order to do most construction even on a very small scale you will need to check for power lines and underground wires. In addition, you will need to follow all building codes to decrease the chance of having to redo large amounts of your work because your new building is not accessible. You do not want to be found at fault for faulty construction which leads to future injuries or even deaths.

When building or refurbishing a property many issues can arise. This does not mean you should give up or feel scared to begin. In the end, what is important is to understand the various laws around your project. If you equip yourself with knowledge and reach out to lawyers whenever you need clarification you are setting yourself up to have a successful project that you can be proud of.