A Guide to Real Estate and Transactional Law
Many people have heard of real estate and transactional law but may not know exactly what it is. This type of law covers a wide range of topics related to the buying, selling, financing, leasing and other aspects of property ownership. It also includes contracts, wills, business formation, intellectual property and other legal documents related to transactions. Understanding this area of law can help you protect your interests in any real estate or transaction situation.
What is Real Estate Law?
Real estate law involves questions that arise when someone owns, buys, sells or leases a piece of property. It includes issues such as mortgages, foreclosures, landlord-tenant relationships, zoning laws and more. These types of cases are generally handled between individuals rather than by government agencies and can involve complex legal proceedings including title searches, surveys and environmental assessments.
What is Transactional Law?
Transactional law is the branch of law that deals with the exchange of goods and services for money or another form of value. This includes contracts between parties for goods or services as well as business formation such as LLCs or corporations. It also covers intellectual property matters such as trademarks, copyrights and patents along with wills and estates planning. Transactional lawyers review all contracts involved in a transaction to ensure that all parties involved understand their rights under the contract before signing it into effect.
Real estate and transactional law covers a wide variety of topics related to the buying, selling, leasing and financing of properties as well as contracts between parties for goods or services. It’s important to understand these areas of law if you’re dealing with any kind of real estate or transaction issue so you can protect your interests accordingly. Working with an experienced lawyer who specializes in these areas will help make sure everything goes smoothly when it comes time to close a deal on your property or sign a contract with another party.