For many people, real estate represents the most significant transaction they will ever be involved in. Whether it is a residential transaction or a commercial transaction, the details are numerous, and every single one of them needs to be addressed to ensure a smooth transaction takes place.
Unless you make your living in the real estate industry, the documents can seem complex and in some cases, overwhelming. So it makes good sense to have a seasoned real estate lawyer in your corner to make sure your interests are protected at all times.
A real estate lawyer can assist buyers and sellers with routine transaction elements such as reviewing contracts or bringing their legal experience to bear on all other aspects of a deal.
A real estate lawyer will bring even more value at times where real estate transactions become more complicated.
Misrepresentations – A vast majority of lawsuits regarding real estate are brought about due to misrepresentation. Whether it’s innocent, negligent or fraudulent, misrepresentation occurs when there is a failure to disclose property flaws out of ignorance or if a flaw is purposely hidden to facilitate the sale of the property.
Environmental issues – When a broker fails to adequately recommend inspections for things such as asbestos, lead-based paint or groundwater contamination, they may invite lawsuits from buyers and/or tenants. This also applies to disclosure language in all sales contracts and leases.
ADA suits – When brokers fail to adequately do what is “readily achievable with reasonable effort and expense” for people with disabilities, they may be vulnerable to legal actions against them.
Fair housing – Although they do not make up a large segment of legal actions, fair housing issues can be costly if there is a judgment against a party. Basically, a broker or a seller cannot discriminate against a particular class of people based on ethnicity, age, religion or another defining characteristic.
There are many other types of real estate issues that may require a real estate lawyer. When in doubt, it’s best to seek consultation as soon as possible.
Zagrans Law Firm proudly serves Cleveland and the surrounding Ohio communities of Brooklyn, Lakewood, East Cleveland, Parma, Seven Hills, Rocky River and University Heights.