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The Ins and Outs of Selecting A Commercial Real Estate Lawyer in Austin, TX
Commercial real estate law is an area of the law that deals with anything involving commercial property. Attorneys specializing in commercial real estate handle a wide range of legal issues related to buying or selling property, developing commercial or residential properties, managing properties, drafting contracts for the sale of land and buildings, negotiating leases, drawing up commercial leases, representing landlords and tenants in court, and other matters. As you can see, commercial real estate law is a fairly broad field of practice that involves many different types of transactions. It includes everything from negotiating a contract for the purchase of a building to even drafting a will to set up property transfers. Additionally, commercial law often [...]
What You Need To Know About Small Business Lawyers
The legal system has always been complicated, especially for small businesses. There are several law areas that can apply to small businesses, such as employment law, intellectual property law, tax law, contract law, etc. To stay compliant with these regulations and to have an expert on your side, you need to hire a good business lawyer. When starting a new business or expanding your current one, you should hire the services of a qualified business attorney. With a dedicated legal team, you can rest assured that your company is protected from potential risks. What is a Small Business Lawyer? A small business lawyer is an attorney who specializes in representing small businesses and entrepreneurs. They may [...]
Looking For a Real Estate Lawyer? The Top 6 Questions You Should Ask
If you are buying or selling real estate, the closing process will be something you have to deal with before all is said and done. It is not just a simple task, however, because it involves legal work, contracts, and money changing hands. So if you are handed the responsibility of dealing with real estate closings, what do you need to know? Below are the top six questions you should ask a real-estate lawyer, regardless if you are buying or selling. What Is The Closing Process? The closing process begins once your real estate contract has been finalized and is the final stage in buying or selling property. The closing day is when the title [...]
How Do You Form a General Partnership in Texas?
Deciding on a structure for your business is one of the most important decisions you will make. Each structure — sole proprietorship, general partnership, corporation, limited liability company, limited partnership, and limited liability partnership — comes with its own issues regarding taxation, liability, management, and transferability of ownership interest. Consulting with an experienced business lawyer is your best bet when determining which structure will suit your needs now and into the future. This article focuses exclusively on the mechanics of forming a general partnership in Texas. What Is a Texas General Partnership? In a nutshell, a general partnership is a legal structure created by two or more persons for the purpose of carrying on a [...]
How Do You Avoid Title Disputes?
Owning a piece of real estate — whether it is your primary residence, a vacation home, or a commercial property — is one of the great benefits of living in a free country. The last thing you want or need when buying, selling, or inheriting a piece of Texas real estate is a dispute regarding the property’s title. If a title dispute does arise, you can always hire a real estate attorney to represent you. But it is so much better to take all the steps necessary to try to avoid becoming embroiled in a title dispute in the first place. This article will cover what you need to know to avoid real estate title [...]
How Do You Put a Lien on a Property?
A lien is a legal claim to the property by someone other than the current owner. A lien can be placed for a variety of reasons, but it typically revolves around a debt of some kind. If a property owner owes a debt to a creditor, contractor, or collection agency, that party may place a court-ordered lien against the property with the goal of collecting on the debt. Have you extended credit or provided a service of some kind that has not been fully paid? If so, you may have the right to put a lien on a property. There is a very specific process for placing a lien, so it helps to work with [...]
Does Title Insurance Cover Property Line Disputes?
Title insurance is typically required for any real estate transaction where there is a transfer of ownership from one party to another. The purpose of title insurance is to provide financial protection in the case of contested ownership of a property. In other words, when multiple parties claim ownership of the property in question and have proof, the property cannot be sold until definite legal ownership is determined. One issue that may arise when it comes to property ownership is a property line dispute. This occurs when there is a disagreement about where the property lines are located. These disputes can occur between buyers and sellers, owners and neighbors, or other parties who have a [...]
How Do You Read a Title Report and Find Liens on a Property?
Purchasing property is a significant financial investment. Whether it’s a home or a commercial property, there are always some risks involved. One of those risks involves real estate title liens. The seller of the property must have a clean and clear title for the property before it can be legally sold. If a buyer purchases a property, but finds out that there is a lien on the property or that someone else has legal ownership of the property, it can mean significant financial losses. But this risk can be reduced or eliminated with a thorough title search. The title search process involves reviewing ownership records to ensure that there is an uninterrupted chain of title [...]
What You Need to Know About Texas Foreclosure Laws
Are you facing a potential foreclosure on your home? When your budget is tight it doesn’t take much to get behind on your house payments. And once you’re 120 days behind, your mortgage lender has the right to begin the process of foreclosure. But even if you’ve missed payments, you still have rights in this situation. It helps to understand the foreclosure process and what you can do to try and keep your home. With the help of a real estate attorney, you can be sure you are exercising the full extent of your rights. Here’s what you need to know about Texas foreclosure laws. Your Mortgage May Have a Grace Period If you are [...]
How to Negotiate a Commercial Lease
A commercial lease is used when renting a space to use for commercial purposes. If you own a business and need a place for your business to operate, renting a space is usually the best option. This is especially true for new businesses that are just starting up. When you rent a commercial property you will need to sign a lease that outlines the terms for occupying the property. The landlord may present you with a pre-drafted lease, but did you know that you have the right to negotiate the terms of a commercial lease? You do. Never sign a lease until you are sure the terms are fair and appropriate. How can you be [...]