Real Estate Law addresses many legal topics and is governed by state and federal statues, along with common law. In actuality, many aspects of real estate law are also seen in contract law, and individuals must realize that when one talks about realty, real property or real estate, they are all referring to the same thing. Real property covers more than tangible assets. It includes the land and any immovable or permanent structures, such as bushes, trees, sheds, outbuildings and minerals on the land. The definition extends beyond this, also covering the benefits, interests and rights associated with real property ownership, including on, above and below the land.
Real Estate Issues Companies May Encounter
As real estate law is extremely broad, the issues range from the simple to the complex. A company or individual may require assistance with real property rights and interests while another needs help with zoning and land use issues. Home loans and foreclosures fall under this law area, as do landlord, tenant and rental property issues. Property development, agriculture issues, sales and purchases may also require the assistance of a real estate attorney, as they handle the transfer of ownership along with other entities to ensure problems don't arise in the future.
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Companies or homeowners may find they need to sue a builder due to a construction defect, such as toxic mold., or a property owner may find they have a question about eminent domain, land planning or land use. Any issue impacting a renter, home buyer, home seller, landlord or homeowner may qualify as a real estate law