Category: Property Data

byAgatha Feldman

The real estate business involves a lot, and if you are not careful either as a seller or a buyer, you might end up losing a lot of money. The real estate field is governed by different laws that vary from state to state, but there are also federal laws to guide the transactions. This article will discuss what you should know about Real Estate Law in Colleyville TX.

Real estate law covers the right to possess, enjoy and use property. The law guiding the real estate business impact on the lives of all citizens as renters, landlords or homeowners. It guides the relationship and interactions between the buyers and the sellers and ensures that all parties get the protection that they deserve.

Generally, the law classifies property into two categories, i.e. real and personal property. The real property is a description given to land and the fixtures upon land. Most real estate business transactions in the country revolve around real property. Personal property on the other hand is all other property that can form the subject of a sale other than land. This includes notes, intellectual property other intangible items.

The sale of real property use agreement set up in law to guide this kind of transactions. The seller of the property in most cases hires agents or brokers to look for a buyer of the property. These agents and brokers are protected by the law, and there are laws regulating their operations. The agreement between the buyer and the seller, and the agreement between the seller and the agent/broker form part of the Real Estate Law in Colleyville TX.

These agreements are guided by the general law of contract and the state laws regulating the sale of property. The requirement is that the contract of sale be in writing and that the title should be market. It is at this point that the real estate attorney comes in to investigate the marketability of the title. This can also be done by an insurance company.

For a clean business deal, you need the services of an attorney to investigate on the marketability of the title to the property.

byadmin

From time to time, all local businesses need to consult with a business law DeKalb IL attorney. Issues including employment, taxes, leases, vendor negotiations, debt settlements or collections, and partnership squabbles can be handled expertly by an experienced business attorney. Unfortunately, most small businesses wait until there is a crisis prior to developing a relationship with an attorney. These crises can adversely affect the bottom line of the business not only financially, but as a chief distraction to owners and managers. In DeKalb IL, there are several business law attorneys to choose from to help navigate your business’ legal challenges.

Debt Collection

If one of your clients owes you money from a past due bill and you have been unsuccessful in collecting, it is time to consult with a business law attorney in DeKalb. Often times, a strongly worded letter from your attorney can do the trick in receiving full payment or establishing an equitable payment plan. Small claims court, mediation, and arbitration can be used for smaller claims; however it is advised that you seek legal representation to help you secure the funds that are rightfully due to you.

Debt Consolidation

If your business is struggling to make ends meet and debt payments are paralyzing your business growth consultation with a business law attorney can help to ease your current financial situation. Today, many businesses and organizations are willing to negotiate debt consolidations to help you and your business thrive during this tough economic climate. A business law DeKalb IL attorney can help you navigate through the process of consolidating your debts and ensuring your business’ economic viability.

Employment

If you are in presently in a wage, benefit, or other dispute with a current or former employee, doesn’t delay in contacting an attorney. Employment laws vary greatly by state, and a local attorney in your area that has experience in business employment law must be your first call. Additionally, if is wise when setting up a business to consult with a business law attorney that will help you create the policies within your business and protect you from future employment challenges. An understanding of both state and federal labor laws is vital to your business’ long-term success.

It is recommended that small businesses establish a relationship with a business law attorney from the beginning. However, many wait until a crises drives them to find a qualified attorney. When selecting an attorney it is important to remember that this is a relationship that often times can last for months, or years. Good communication is essential to the effectiveness of the relationship. Ask friends, colleagues and your professional network for recommendations and research each fully. During your initial consultation, ask about billing practices, hourly rates, and additional fees.

The sooner you get the details out of the way, the sooner you will have legal representation. While you have many choices for business law attorneys, look for developing a relationship with one that has expertise, great communication skills, and fair rates.