Real Estate and Property Law(2)
USINFO | 2013-11-01 16:33

What is Real Estate and Property Law?
Real Estate and Property Law includes a wide amount of topics, such as buying and selling residential or commercial property to residential or commercial leases. Common Real Estate and Property Law  disputes involve maintenance of condominiums and cooperatives, establishing property title and boundary lines, and zoning and property land use. Real estate and property law also comprises the financing aspects of property, such as mortgages and foreclosures.

Buying  or Selling Property 
◾Brokers: Buying and selling property is usually done through brokers. Brokers are people who help people find properties, help owners sell property, and help with all the paperwork involved with property transactions.

◾Disclosure: If you are selling a home, you must be sure to reveal all the property's defects you are aware of, such as structural or electrical problems. This duty is called "disclosure" or "disclosure of material defects".

◾Buyer's Duties: A buyer should also inspect the property for defects that the seller is unaware of. Additionally, buyers should check to see if there are any mortgages or liens on the property. This check can be done at the country recorder's office.

 

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