Whether buying, selling, inheriting or just maintaining property, there are a lot of associated legal costs, fees and obligations to keep in mind that can govern what you can and can’t do. It’s virtually impossible for anyone who isn’t a lawyer to know all there is to know about property law, but there are some situations that you can solve on your own and some where you need to get property lawyers involved. Knowing which is which can be tricky, so read on for some helpful tips on determining the right course of action for you.
Disputes with Neighbours
One of the most common types of disputes involving property is conflict between homeowners. Conflict can be caused by anything from trees that overhang onto another other property through to newly built property that infringes on someone else’s use of land and even neighbours who are unreasonably loud late at night. Disputes involving lawyers are costly for both parties, so if it’s possible to work it out between yourselves, that’s always worth trying first. Property lawyers should only be brought in if you cannot come to a mutually agreeable solution.
Before you buy property, you need to be aware of specific legal restrictions on whether you can buy property. For instance, if you’re not a permanent resident or a citizen, certain restrictions will apply. Even if you are a permanent resident, you’ll still need to be aware of the property purchasing process, which can vary from state to state. Generally speaking, once you and the seller have agreed on a price, you need to get a lawyer involved. They will be able to help with the deeds and drafting of a contract for sale. It’s inadvisable to attempt to purchase property without involving property lawyers.
Likewise, when you’re selling property, it’s important that everything is done properly and all the appropriate paperwork is filed and deeds transferred. You don’t want to risk doing things incorrectly and winding up in a position where you’re held liable as the owner of a property you thought you sold years ago.
Accidents Involving Property Damage or Personal Injury
If you own property that’s used by others, then you may be held liable for any personal injuries that occur on that property. Likewise, your property may be damaged or have something stolen and you want to seek restitution or compensation. In both of these situations, it’s advisable you consult with property lawyers to understand what your rights and responsibilities are.
Advice on Different Aspects of Property Ownership
There are a lot of factors that go into buying and selling property, whether it be residential or commercial. There are also many different roles involved, from legal practitioners to conveyancers, real estate agents, buyer’s agents and more. Some things like conveyancing you can do yourself, while other some things you need a professional for, but there are often caveats to both. Knowing what you can do yourself and what you should turn to a professional for is another area where a property lawyer can help.