An easement is a legal right that allows someone – other than the owner – to make use of a certain piece of property in a specific way. Easements crop up in real estate deals all the time. They’re commonly granted for things like shared driveways or access roads,...
As a landlord, you do own the property. But if you have a tenant living in that property who has signed a rental contract, they have a right to privacy. Even as the owner, you cannot just enter their apartment whenever you want. Minnesota recently revised the law in...
Contingencies play a crucial role in real estate transactions, providing protections and avenues for renegotiation that can significantly impact buyers and sellers. Understanding these contingencies is essential for navigating the complexities of real estate...
Facing foreclosure on a commercial real estate property can be an understandably stressful experience for any business owner. If you’re currently navigating a risk of foreclosure on a commercial property that you own, know that you’re certainly not alone. According to...
Many buyers view a short sale as a bargain. They get a home for much less than the market value. But it can also be more complicated than a traditional home purchase, and it’s important for these potential buyers – and sellers – to understand what legal steps to take....
Business is increasingly being carried out online. Nonetheless, most companies still require at least one headquarters. This could be where you base yourself along with key staff members. If you sell goods, it could be your storefront. Generally, you have two choices...
When property changes hands, a lot of things can go wrong. All sorts of issues can crop up that make the true ownership of a piece of real estate legally questionable. That’s when a quiet title action can be useful. A quiet title action is a legal proceeding used to...
Co-ownership of real property can be a very reasonable choice. People who have rented property together as roommates might buy the property from their landlord together because neither could afford it on their own. Other times, family members might inherit property...
There are few purchases as significant as a new piece of real estate. Whether you’re using it as a home or investment, real estate doesn’t come cheap. It's important to carry out due diligence before committing to an agreement. Additionally, you should know when you...
As a real estate investor, it's crucial to have a thorough understanding of various legal concepts and terms associated with property ownership. One important issue of note is encumbrances. Encumbrances are legal claims or restrictions on real estate that can affect...
