Real estate transactions can be complex and delicate considering they can consume up to half of a person’s finances. These major investments are sometimes handled without the assistance of legal advisers which puts even more risk on the shoulders of the buyer. According to the real estate tracking firm Zillow.com, the average priced home in California is valued at a whopping $393,000; that’s a large amount of money for one individual who’s unfamiliar with real estate law to handle.
With these large sums of money, comes tension between parties who want to be fairly compensated for any number of unique situations between landlords, tenants, and the average property owner. Some renters or sellers are willing to lie about the conditions or past of a home as well as any dangerous aspects it might include, to avoid paying for repairs as well as being to able to charge more from renters or buyers.
Over the years, people have to come to realize how some common practices in home construction have actually turned out to be harmful to residents. Asbestos is one of the most dangerous, with lead paint following close behind. The majority of houses built in California before 1978 contain potentially dangerous lead paint. If a real estate agent fails to disclose information of harmful substances to buyers, the state has the power to criminally or civilly prosecute them.
One of the most common real estate law cases comes in the form of disagreements between renters and tenants considering they must have an ongoing business relationship. Between paying rent consistently, lease violations, and property damage, much can go wrong in these situations.
When problems escalate high enough, some landlords will choose to take the property law route and attempt to evict their renters. Whether the renters are not paying rent or have been destructive or problematic with neighbors, legal action can be taken to permanently remove them from the property.
However, if the renter chooses to battle the eviction, property law cases can be taken to court. After the landlord or tenant files a request for a trial, a judge will hear and make a decision on the matter within 20 days.
These numerous legal situations renters, landlords, and homeowners can find themselves in are very serious matters with a lot of money and well-being on the line. Skilled and experienced real estate law firms can help ensure that you receive the best outcome.