Real estate law comprises many statutes and regulations concerning the purchase, sale, and use of land and buildings. It also encompasses a broad range of legal issues that affect renters, buyers, sellers, and investors. A knowledgeable real estate attorney is a valuable resource in any transaction or dispute. Here’s a list of basic facts about real estate law that anyone interested in real estate dealings should know.

What Should I Know About Real Estate Law?

1. Landlords & Tenants 

Real estate law is designed to protect both landlords and tenants. It defines the obligations of each party entering into a lease agreement. For landlords, it stipulates what language can and can’t be written into a residential lease, the proper procedure for entering an occupied rental unit, and how to carry out an eviction. For tenants, it defines their duties to pay rent and keep the property in good condition. 

2. Purchase & Sale Agreements 

Agreements to purchase or sell real estate are legally binding contracts. In Georgia, agreements have to be in writing and designate the buyer’s and seller’s names, a description of the property, the price, terms of sale, closing date, conditional clauses, and signature of both parties. A real estate attorney should be hired to review all purchase and sale contracts to ensure they are in compliance and don’t compromise their client’s interests. 

3. Seller Disclosures

Laws regarding seller disclosures help buyers assess the condition of a property before they make an offer. Sellers are legally required to disclose any known defects and restrictions on how a property may be used. Failing to comply may result in a lawsuit and penalties even after a transfer of ownership has taken place. 

4. Zoning & Land Use 

State and local laws regulate how owners may their property. Zoning and land use restrictions can impact new construction, renovation projects, and business operations. Ignoring restrictions can be costly. A real estate attorney will make clients aware of limitations before a purchase or lease agreement is signed. If pertinent, they have the expertise to apply for changes to zoning or land use restrictions.

If you need the services of a qualified real estate attorney, turn to Adams, Ellard & Frankum of Clarksville, GA. The firm’s team of skilled professionals has considerable experience representing buyers, sellers, tenants, landlords, and investors throughout North East Georgia and knows which strategies are most effective for completing transactions and resolving disputes. They will help you navigate the complex legal system and offer sound advice. Call their office at (706) 754-2171 to arrange a consultation.