A real estate lawyer is someone with the task of knowing the norms and rules relating to immovable transactions. Real estate lawyers assist their customers to comprehend contracts and other legal paperwork. They deal with problems of planning and mortgage scams, negotiate on the representation of the parties, monitor the transfer of documents and titles, and evaluate the existence of a lien, a restriction agreement, or another legislative issue to the commercial or residential property.
What do Real estate lawyers do?
Real estate lawyers do everything from title search of a property to dispute resolution. They have to conduct the due diligence for the property to know if the title is clear for development or sale. Then they have to make title search reports or title search certificates as per their client’s requirements. They also check for pending mortgages and litigation on the property, to find a reasonable and amicable solution for their clients. They advise their clients on various property-related matters. They draft MOUs, lease agreements, leave and license agreements, etc. They also handle land or property-related disputes.
Their clients range from individuals investing in a flat to developers or promoters. So, if you’re a developer trying to get the land to develop a property, you have to get in touch with a real estate lawyer.