HSD Legal

Guide to all aspects of law and legal issues covering corporate and family law, intellectual property, product liability and personal injury.

Navigating Through Real Estate Law

You may be looking forward to owning your first piece of property, but you should know what to look out for before you make a purchase. Working with a real estate agent can help you to avoid the most obvious pitfalls, but you must learn how to rely on your own instincts as well. Educate yourself on real estate law and locate the best property for your lifestyle.

US Tax Laws And Penalties

Taxes are essential for the continued operation of social services, local governments and public school systems. There are stiff penalties those that attempt to paying their taxes, but some taxpayers do make genuine mistakes when they underpay their taxes. Learn what your rights are when it comes to tax codes and laws.

Felony Charges

Felony offenses can have a negative impact on your personal life, finances and your employability, but more importantly it can cause you to lose your freedom. In some cases felony charges can stem from false allegations or circumstantial evidence. Make sure that you consult with an attorney and find out what your rights are before you head to court.

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Navigating Through Real Estate Law

Any time a real estate transaction occurs a strict set of laws and regulations must be complied with. In the US, most property is sold through real estate agents and brokers. These real estate agents and brokerage firms must be licensed and bonded in their respective states prior to working with property owners or prospective buyers. Most property is financed through a lending institution, therefore the majority of commercial and residential properties are actually transferred from one back to another before a homeowner is able to receive the deed. The financing of a property can include but is not limited to; mortgages and investments. Once a property is financed, the mortgagee will make installment payments until the debt is satisfied. In the event the homeowner stops making payments the lien holder will seize the property and attempt to recoup its losses by offering it for sale.

Generally, a property must be 'closed on,' before ownership is transferred over to the new buyer. At the settlement or 'closing' meeting lawyers and representatives for the lien holder and the buyer will get together and go over the legal paperwork. It is during this meeting that last minute amendments will be made before the keys to the property are handed over to the owner. Until the mortgage paperwork is signed and dated, the property in question will remain in limbo.

Landlords and property owners frequently rent out their units to tenants. Tenants have the option of signing a long-term lease or living on a month to month tenancy agreement. Individual states have their own sets of laws that regulate what a landlord's rights and responsibilities are. Prior to moving in, tenants are required to pay a security deposit that is to be held in an interest bearing savings account.

At the end of the lease, any damages or unpaid rent will be deducted from the security deposit, and if any money is left over it will be returned to the former tenant. If a tenant stops paying rent, the landlord will have to petition the local court for an eviction hearing. Some states allow tenants to withhold rent if their living conditions make the unit uninhabitable. Additionally, if a landlord does not make timely repairs a tenant can hire a contractor and subtract the amount of money paid from the rent. Some landlords will allow their tenants to sublet their units, but there must be a clause that allows for them in the rental agreement.

04.10.2009. 03:32


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