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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 [...]
How an Attorney Can Assist with a Contract Dispute
A contract is a legally binding document that outlines the responsibilities and duties of each party involved in the contract. Once the contract is signed, it is binding. Failure by either party to uphold the terms of the contract is considered a breach of contract. Unfortunately, contract breaches occur quite frequently, especially in the business world. When this happens, an attorney can help either party involved in the contract to resolve the dispute. Contract disputes can be complicated, which is why it is necessary to involve legal experts who can interpret the original contract to determine whether or not a breach occurred and if so, to what extent. Types of Contract Breaches There are two [...]
Commercial Lease Types Explained
Commercial real estate law encompasses a wide range of legal matters pertaining to the ownership, sale, and use of the commercial property. Under the umbrella of commercial real estate law falls commercial leases. A commercial lease is used when a business rents a commercial property from an owner/landlord. Commercial leases are often quite a bit different than residential leases and require an experienced commercial real estate lawyer to create these documents. Here are the various types of commercial leases and what makes them each different. Single Net Lease In a single net lease, the tenant pays the rent and the property tax. The tenant is then responsible for paying the utility bills for the duration [...]
What is Eminent Domain?
Does the government have the right to take private property for public use? Under the law of eminent domain, the local, state, or federal government has the power to legally take property. However, the government is required to pay the owner fair compensation for the land. Have you received a notice from the government that your property will be taken? Do you feel that the amount offered to you is unfair? An eminent domain real estate lawyer can help you get fair compensation for your property. Here’s what you need to know about eminent domain. For What Purposes Can the Government Take Private Property? The government can take private property for a variety of reasons, [...]
Short Sale vs Foreclosure: What’s the Difference?
Short Sale vs Foreclosure: What’s the Difference? When a homeowner struggles with making mortgage payments, they may be in danger of losing their home. If you have found yourself in this situation, you have a few options: Foreclosure. The lender seizes the property. Short Sale. The property is sold before foreclosure. Deed in Lieu of Foreclosure. The borrower signs the deed over to the lender in order to be released from the loan debt-free and clear. File for Bankruptcy. The borrower can file for bankruptcy and stop the foreclosure process. All four options have their advantages and disadvantages, but which is best for you depends on the situation. Let’s compare a short sale vs foreclosure [...]
How To Get Rid Of Your Criminal Record
Do you have an incident on your record that you would like to have removed? If you want to get rid of your criminal record, there are steps you can take to try and get your record cleared. Whether or not this will be possible for you depends on a variety of factors, such as: The type of crime. The severity of the crime. The length of time that has passed since the crime occurred. You may not have been convicted of a crime, yet an arrest or a report filed against you can remain on your record without you even being aware of it. But it may show up on a background check at [...]
How Does The Federal Excise Tax On Air Transportation Affect Me?
If you are involved in the air transportation industry in any way, you may be aware of the federal excise tax on air transportation. This 7.5% tax is applied to any and all expenses related to the transport of people or products by air. This includes fuel, tickets, security, facilities, customs, and many more aspects of air transportation. You may be wondering, how does the federal excise tax on air transportation affect me? Here’s how it may apply to you depending on your level of involvement in air travel and whether or not you may need an aviation lawyer. Commercial Airlines If you own a commercial airline, the excise task is applied to nearly every [...]
Why Do I Need a Real Estate Attorney?
Anytime property is bought or sold, a real estate attorney is required to oversee the transaction. Real estate law is complex, which is why an attorney is needed to ensure that the exchange of property between parties is legal. Both residential and commercial real estate have their own specific laws that govern transactions, so depending on the type of real estate you are involved with, you need an attorney with experience in that field. Wondering why you may need a real estate attorney in Austin, TX? Here are some of the most common reasons. Buying a Home Whether you’re buying your first home or you’ve bought a home before, the closing typically takes place in [...]
What You Should Include in Your Wills and Trusts
Do you know what to include in a will or a trust? If you’re considering establishing either of these documents as part of your estate planning, you can ensure you have covered everything by working with an experienced estate planning lawyer. Estate planning ensures that your loved ones are taken care of and that your assets are distributed according to your wishes when you are no longer here to do so. If you die without a will, someone will be appointed executor of your estate and will make decisions on your behalf. Having a will in place makes things easier for your family when it comes to settling your estate. Here’s a basic guideline for [...]