A lease is a legally binding contract that outlines the responsibilities and rights of both the tenant and the landlord. Most tenants who sign a lease intend to stay out the entirety of their lease term, but life happens—and when the unexpected happens, breaking a lease may be the only option available. Leaving before your […]
Commercial property sales come with a long list of unique challenges that those who work in residential real estate do not have to think about. However, when you’re buying or selling a piece of vacant commercial real estate, there are even more issues to consider. Vacant property can attract all sorts of attention, and it’s […]
Transferring property within a family is a common way to keep important real estate within the family and help younger generations build their wealth. However, it’s essential to understand the different ways you can transfer property to family members, as they have very different tax and legal implications. The way in which you transfer property […]
In the realm of private sales, buyers and sellers often eschew many of the steps and procedures taken during sales between strangers. However, even if you are engaging in a private sale with someone you know well, it’s important to protect both parties’ best interests by using escrow. Escrow is a neutral third party that […]
The real estate industry has recently undergone a major transformation following a settlement involving the National Association of Realtors (NAR). This settlement has brought about notable changes in the way real estate commissions are determined, offering both opportunities and challenges for home buyers and sellers. Most notably, the settlement effectively ends the long-standing model of […]
Historical buildings have a beautiful, rich history that adds to the character of the cities and neighborhoods where they reside. However, selling these properties comes with a long list of complicating factors and complexities that can draw out the process. Finding the right buyer can take a long time; while many people want the appeal […]
Renting a property with roommates is a cost-effective way to have your own private space but still avoid shouldering the costs of housing on your own. Still, it is a major commitment—the terms of your lease spell out your exact rights and obligations, but many tenants simply give their lease a quick look before they […]
Real estate disputes are complex and difficult to compromise on, thanks to the fact that you’re discussing property worth hundreds of thousands of dollars. When you are actively trying to settle a property dispute, you must be prepared to bring facts to the table. Cold, hard numbers and indisputable facts can swing a dispute in […]
Real estate transactions are fraught with potential issues. At any point in a transaction, financial problems, documentation issues, or legal problems can put the transaction on hold or even terminate a contract. Unfortunately, the issue is even more prominent in private real estate transactions. These private sale contracts often take place between friends, family members, […]
The world of real estate is constantly evolving and changing. The pandemic changed a lot about how space is used and what type of space is even needed in different communities. With a growing amount of companies allowing employees to work from home, the need for commercial space is starting to dip in some areas. […]
