Real Estate Law. What is it and what do I need to know?

June 28, 2019
Real Estate law

Real estate is defined as, “property in buildings and land,” by Merriam-Webster, and real estate law address buying, selling, leasing, and renting both commercial and residential spaces. It can also address issues with property and boundary lines, disputes between landlords and tenants, zoning, and land use issues. Additionally, real estate law deals with financial aspects, such as liens and mortgages.

Terms to Know

When talking about real estate law, there are a few terms you’ll often hear. Here are a few you’ll want to know and what they mean. 

  • Broker: Brokers are the people that will assist you in the buying and selling process, and is another name for a real estate agent. They can help you find property, whether it be commercial or residential, sell property, and will help you understand and complete all required paperwork. 
  • Title: a title is a legal document that tells who officially owns the land.
  • Mortgage: a mortgage is a loan that will cover the price of the property.
  • Foreclosure: foreclosure happens when the owner can no longer pay the mortgage, and the lender takes control of the property. 
  • Buyer’s Duties: buyer’s duties refer to the obligations a potential buyer of property must fulfill and can include inspections to reveal zoning or structural defects, or to see if there are any liens on the property.

If you’re looking for help with these or another type of real estate law, the experienced professionals at Skinner & Associates can help. Give us a call today at 614-664-0200 to set up an appointment, or visit our website to learn more about our services and how we can help you.

The information at the Skinner & Associates, LLC website is intended for general informational purposes only and not as specific legal advice. Use of this site is not intended to and does not in any way establish an attorney-client relationship. Visitors to this site should seek professional legal counsel regarding their specific matters. Attorneys at Skinner & Associates, LLC would be pleased to speak with interested parties, but we can only represent clients where we are licensed to practice, and where no other bar to representation exists. If the information provided by this website does not comply with the legal or ethical requirements of a particular user’s state or country, we may be unable to represent you. Although we are a general practice law firm, we may be considered a debt relief agency because we help people file for bankruptcy relief under the Bankruptcy Code.

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