Real estate law is the body of laws that governs the ownership, use and transfer of real property (land). It includes:
- The rights of individuals to own land and other interests in land;
- The legal relationships between landlords and tenants;
- The conditions under which one party may use another’s land without permission;
- How titles are created for ownership interests in land;
- What happens when someone dies without leaving a valid will or trust that deals with their property (intestate succession);
- How disputes between owners are resolved through court actions such as foreclosure proceedings.
Real Estate Transactions
Real estate transactions are the most common type of real property transaction. A real estate transaction can be defined as the sale, purchase or lease of land or buildings.
A real estate transaction may be either a single-party deal or a two-party deal. In a single party deal, one party sells property to another person without involving any third parties in this transaction. On the other hand in two party deals both buyer and seller are involved in completing their respective roles such as negotiation over price and terms etc., before signing off on an agreement which binds them both legally
Real Estate Contracts
In this section, we’ll discuss the different types of real estate contracts. Then, we’ll look at some key terms that you should understand when reading a contract.
- Real Estate Contracts: A real estate contract is an agreement between two or more parties that defines their rights and obligations with respect to some property. The most common type of real estate contract is called an “offer,” which describes the terms under which one party (the buyer) agrees to purchase another party’s (the seller) property at a specific price within a certain time frame. If both parties agree on all the terms in writing, then they sign this document as part of their agreement; otherwise known as closing on the sale!
- Types Of Real Estate Contracts: There are three main types of real estate contracts used today: purchase agreements; lease agreements; and option agreements
Real Estate Litigation
Real estate litigation is a complex and time-consuming process. The following are some of the most common types of real estate litigation:
- Breach of contract: When one party fails to perform their contractual obligations, they may be sued by the other party. This can occur when one party doesn’t pay rent or violates another term in their lease agreement, for example.
- Trespass/nuisance: If someone trespasses on your property or causes harm through their actions on it (like damaging an apartment building), you may be able to sue them for damages caused by their actions.
- Eminent domain: If government officials want to take part of your land through eminent domain laws (for example, so they could build a highway), then they must compensate you fairly based on what fair market value would be if there weren’t any plans for development nearby yet still allowed access by car or truck traffic only (not pedestrians).
Real Estate Disputes
When you buy a house, you expect to be able to live in it for years to come. But sometimes things don’t go as planned. Maybe your neighbor’s tree fell on your roof and damaged it, or maybe there’s an issue with the plumbing that needs fixing. These kinds of disputes can lead to real estate disputes between neighbors who aren’t getting along–or even between strangers who have never met before!
Real estate disputes can be resolved in court if both parties agree on what should happen next (like selling the house), but they can also be settled informally without going through legal channels at all–for example by talking things over with an attorney or mediator who specializes in resolving such matters.
Real Estate Financing
Real estate financing is the process of obtaining a loan to purchase or refinance real estate. There are many different types of real estate financing, each with its own benefits and drawbacks.
The most common types of loans used in the United States include:
- Mortgages – A mortgage is a long-term loan secured by your property that allows you to buy or refinance your home without paying cash up front. Mortgages usually require monthly payments over 30 years and have lower interest rates than other types of loans because they’re backed by collateral (your home).
- Home Equity Loans – These loans allow homeowners who have equity in their homes access funds from that equity without selling their property outright or taking out another mortgage on it (which would increase their debt-to-income ratio). They can be used for anything from paying off credit card debt to building an addition onto your home; however, interest rates tend to be higher than those found with other types of mortgages because there’s no collateral involved here either!
Real Estate Taxation
Real estate taxation is a broad term that encompasses several different types of taxes. The most common are the property tax and the mortgage interest deduction, but there are others as well.
If you’re thinking about buying a home or other real estate, it’s important to understand how these taxes work so that you can plan ahead and minimize your financial burden (or maximize it).
Real Estate Investment
Real estate investment is the purchase of real estate with the goal of earning income. The term “real estate” refers to land and buildings, but it also encompasses other tangible property such as equipment and machinery used in manufacturing. Real estate investors can earn profits by renting out their properties or selling them at a profit later on.
There are several types of real estate investments:
- Direct ownership – This type involves buying and owning property yourself, without using any intermediary services like brokers or agents. You may choose this route if you’re experienced enough in real estate investing that you don’t need outside help, or if the transaction costs associated with using professionals would eat up too much of your profits (or even cost more than what they bring in).
- Direct partnership – This type involves partnering with someone else who owns some sort of business on the same piece of land where your building sits; for example, if both owners have restaurants next door to each other at a strip mall then they might decide it makes sense for them both not only share advertising expenses but also split profits from either business’ success equally between themselves