If you own property or are looking to buy or sell real estate, chances are you may run into some legal issues relating to that property. Legal problems with real estate can get very messy. To be on the safe side, if any of the following pertain to you, it might be time to consult with a real estate attorney.
You Need to Evict a Tenant
Tenant evictions are tricky to take care of. Your signed lease agreement may or may not have the eviction process spelled out in writing, especially if you inherited the tenant when you purchased the property. There are many situations where you might feel that the tenant has no right to be living in your property, including not paying the rent, making habitually late payments, making illegal use of the premises, living there under squatter's rights, and more.
To avoid the hazard of being sued for conducting an eviction or running into other potential legal complications, it's advisable to hire a real estate attorney when you need to evict a tenant.
The Property Ownership Is Shared and You Wish to Sell
Property ownership isn't always simple. You may have other persons on the deed that you may or may not know. You might have inherited a property along with your siblings, have entered into a group purchase with friends or business acquaintances, own the property with someone who is deceased, or have some other complicated ownership situation.
When you try to sell a property with multiple owners, you may run into legal issues that require special handling and consideration. If this is your situation, it's time to hire a real estate attorney to help you navigate through the sale of your property.
There Are Liens on a Property You Wish to Purchase
If you're considering purchasing a property, one of the things you'll research is what liens might be against it. A lien might be held by some common entity such as an original mortgage lender, but the property might have a lien held by something less common, such as a person, corporation, government, or other type of non-traditional lender. If that lien isn't handled correctly when you purchase the property, you could lose the property to that lien-holder or be financially responsible for debts you didn't incur.
Investing in a property with liens against it can be formidable, but a real estate attorney will be able to help you decide if the property is still worth it to invest in or if the lien is valid at all. If this is the situation you find yourself in, consult with a real estate attorney before buying a property with a lien.
Real estate attorneys can help you to legally get through these three situations while limiting your liability and protecting your rights. If you encounter any of the mentioned scenarios, it's time to hire a real estate attorney, such as those found at Souders Law Group.