Real Estate Transactions
Real estate matters typically involve several contracts or other legal documents that require the services of real estate attorneys.
Purchase or Sale of Real Property
As a seller of real estate, whether your home or an unimproved lot, the first step you should take with any potential buyer is to prepare a solid contract that will ensure that your sale goes through on your terms or ends timely without leaving your property tied up indefinitely. Sellers also get burdened with giving various legal notices to buyers; some must be given with the signing of the contract.
If you are selling your property "by owner," Peterson & Peterson can advise you of the legal requirements and prepare all the necessary documents, including contracts, notices, deeds, promissory notes, and deeds of trust (mortgages).
Real estate contracts are critical to Buyers, too. In addition to making one of life's biggest purchases, failure to cover contingencies in the contract can cause buyers to lose escrow funds or worse.
Landlord-Tenant / Leases
Leases, particulary commercial leases, frequently leave the parties tied up in lawsuits that might have been avoided with proper analysis and drafting.
Gift Deeds
The seemingly straight forward process of transferring ownership of property by deed to a loved one has many tax ramifications that should be considered, and it may be important to retain a life estate in the property. Often there are better alternatives using estate planning techniques.
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