by Capital Abstract & Title | January 28, 2020
Commercial property transactions usually involve a heavy investment of capital. Even rental agreements can involve huge expenditure. In such transactions, it is necessary that one hires a real estate lawyer Coral Springs who specializes in commercial real estate.
Negotiating commercial property transactions takes time. The contracts, whether involving sales or rentals, involve legalities and fine print. There are also many legalities and red tape procedures that must be followed to ensure that the deal is executed legally.
Most commercial property attorneys offer title search services. A threat to the title of the property is a threat to your very own. While you can perform a cursory search through property deed records, a lawyer has resources that go beyond this. They are more likely to give you better-researched records.
Protecting your interests
During a property transaction real estate lawyer Coral Springs can help negotiate and execute a contract that is in your best interest and will file all the necessary paperwork in a timely manner. A lawyer’s first duty is to ensure that you see that your rights are protected at all times.
Properties are governed by zoning laws that determine the allowable usage of the property. Non-compliance can be costly, resulting in forcing a company to move. An attorney will be aware of the local zoning laws and any changes to them.
Avoid hidden or unknown costs
Commercial property negotiations involve detailed contracts that spell out any additional financial obligations that can be passed on to you. A real estate lawyer Coral Springs can help you make an informed decision about the true financial costs of the property.
by Capital Abstract & Title | January 27, 2020
If you are selling a property or thinking of buying one, you may have heard of title insurance. Title insurance is a very important tool used to secure your investment and is a requirement for obtaining a mortgage. When buying title insurance, look for a reliable Parkland title insurance company.
What is title insurance?
The title is evidence of your ownership of the property. When you buy or sell a property, the title is transferred. Every transaction involving property is recorded, whether you buy, sell or take a loan against a property, and is a matter of public record.
Why do I need title insurance?
It is possible that your title to the property can be challenged due to some previous issues, such as an outstanding loan against the property or a hitherto unknown claimant. This can jeopardize your investment. Title insurance is a type of indemnity insurance that protects you from any financial loss that arises from successful challenges to the title. It should be noted that it does not restore your ownership, but only protects against financial loss caused by these claims.
How to pick a Parkland title insurance company?
You can search online for a reputable title company. Look for an experienced company, located in your area. A local company will be familiar with the local laws and procedures. Many real estate agents and mortgage companies have title companies they work with, but you aren’t required to use them. You can shop around. Ask about additional add-on fees such as e-recording, notary fee, release tracking, reconveyance fee and so on, that will increase the cost. Above all, choose a company that is financially strong.