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Real Estate Law Questions

What is real estate law?

Real estate law is the law that governs all kinds of real property or realty. All transactions and contracts about the real property are governed by the real estate law. The real estate law covers a lot of aspects that the common individuals may not know. Given below are popular questions about the real estate law that are asked by individuals.

According to real estate law, what is the best way to terminate a residential real estate contract?

As per the real estate law, the best way to terminate a real estate contract would be to terminate it during the inspection period. If the contract is terminated during this period, the buyer does not have to provide any kind of justification for the termination. He/she may only have to notify the seller of the termination before the end of the inspection.

According to real estate law, would the mortgage on a quit claim deed be illegal if the signature on the grantor and grantee line were not notarized on the same date?

As per real estate law, a mortgage on a quit claim deed would not be considered illegal as long as the signatures of both the grantors were taken and notarized on the same day. In most situations, the signature of the grantee may not even be required legally.

According to real estate law, would the neighbor be held responsible for the flow of water into One’s Property?

The provisions of the real estate law may differ from state to state in the USA. In some states like Alabama, the neighbor may not be held liable for any damage that may be caused to the real estate property by the natural flow of water. However, the neighbor is not allowed to direct water artificially towards the individual’s property. If the neighbor does so, the individual may file a case against the neighbor for the damage that is caused by the flow of water into the property. The individual may sue the neighbor even if the damage is not enough to get a monetary award and they could get an injunction to stop the neighbor from directing water toward their property.

What are the consequences of the breach of a real estate contract?

The consequences of breach of real estate contract may be different for the different states of the USA. In some states like Kentucky, according to the real estate law, if an individual breaches a real estate contract, he/she would lose the earnest money for either liquidated damages or actual damages. The money lost for actual damages would be the difference between the contract price and the actual price at which the property is sold.

According to the Maryland real estate law, what would happen to a property if one of the joint tenants passed away?

As per the real estate law of Maryland, if one of the joint tenants of a property passed away, and there was no reference to the right of survivorship in the deed, the property would automatically be transferred to the tenant who is still alive.

According to the real estate law, can a licensed real estate agent in Florida, secure a rental agreement for a vacation home in the Caribbean?

According to the real estate law, a Florida based licensed real estate agent may not secure a rental agreement for a vacation home in the Caribbean. This is because the Florida real estate law only covers properties in Florida. If an individual wants to secure a rental agreement in the Caribbean, he/she may have to acquire a license to do so. The agent may also contact the respective country in the Caribbean where the property is located to know about their licensing rules. If the country has no rules, he/she may create the contract as a facilitator and not as an agent.

The real estate law could be different for the different states of the USA. There are many aspects and provisions of the real estate law that an individual needs to know about before dealing in any kind of transactions related to real estate property. Having information about the real estate law can help buyers and sellers carry out their real estate transactions smoothly.

Ask a Real Estate Lawyer

Tina
Tina, Lawyer
Category: General
Satisfied Customers: 5366
Experience:  17 years of legal experience including real estate law.
4460311
Type Your Real Estate Law Question Here...
characters left:
8 Real Estate Lawyers are Online Now

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    Ask follow up questions if you need to.
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Real Estate Lawyers are online & ready to help you now

Tina
Lawyer
Satisfied Customers: 4813
16 years of legal experience including real estate law.
Law Pro
Lawyer
Satisfied Customers: 6227
20 years extensive experience in real estate law, foreclosure, finance, and landlord tenant law.
Barrister
Lawyer
Satisfied Customers: 4966
13 years real estate, Realtor. Landlord 24+ years

Recent Real Estate Questions

  • Hello, I need someone who specializes in real estate law, in

    Hello, I need someone who specializes in real estate law, in Southern California, Los Angeles
    I am currently renting an apartment, and I have been getting a lot of undocumented people who has no social security, and they are getting paid CASH under the table. I normally require that all adults that are applying for the apartment, submit an application, and pay me a $35.00 application fee per each adult, so I can check for credit and any unlawful detainers.
    Can I simply deny housing to a couple, if both do no have a social security, and are not filing taxes, and are getting paid under the table???????
    Can I simply deny housing to a couple that has an ETN, but no social??
    In Los Angeles, it takes a couple months to evict a tenant, and I don't want to gamble with renting to someone who does not have good credit, or who I can't collect my monies on, once I evict them. On the other hand, I don't want to face any problems with Fair Housing.
  • I think our questions have a mix of legal and real estate.

    I think our questions have a mix of legal and real estate. We are buying a house in FL. My husband and I have created a business in FL and we are American and we live in Florida. For this investment we will partner with a family member from Canada. Will it be best for him to create his own LLC in USA? then our business and his business can invested together. For tax purposes will that be better otherwise when we sell the house we will have to pay extra taxes because he is Canadian, isn't it? Our business will provide 2/3 of the investment and he will provide the other 1/3. Can we show that on the deed? Also, in our other investment with our company the titles are on the company name, both of us signed it and we are tenants by the entirety, in this case should we do that too, even with a 1/3 partner? Meaning that the part that belong 2/3 to our company in the event of one of us past the our share will go to the survival spouse. Will it be best to have him as an investor in our company and not having his name on the deed and when we sell we refund his investment plus profits and again how will this work because he is Canadian? what is the best, ***** ***** more profitable for all parties to do that?
  • Dear Lawyer, I am the owner of real property (vacant land)

    Dear Lawyer, I am the owner of real property (vacant land) located in California. It is a severed estate, where the timber deed is currently in the name of a dissolved corporation owned by a deceased man. Currently, another person claims to be the current timber deed owner but i do not believe it is recorded. (I am doing an exhaustive title search with an abstractor, and the search has not come up with a new timber deed as of yet) The current timber deed "owner" is filing Timber harvest plans in his name and in my name...(as the timber owner)...I have not contacted him yet personally because I want to do this right. My goal is have him show me that he owns the timber, and whether or not he owns the timber my end goal is to get the timber deed myself. It is possible he has a contract...doesn't he have to record that he owns the timber with the county? What sort of rights do I have and does he have?
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