The transfers of commercial real estate properties can be a complex transaction. Oftentimes, a single party must get a mortgage with the other being obligated to pay it off. A title search is usually conducted to ensure that there are no outstanding liens.
How Real Estate and Land Law Attorneys Help Palm Springs Contracts
Due to such prerequisites, title insurance is usually purchased. Documents and money may be placed in the holdings of an escrow agency. However, the actual contract can be drafted and legally enforced as long as it contains specific terms, such as the property’s description, the sales price and the parties’ signatures.
Understanding Complex Details
Real estate and land law attorneys in Palm Springs can help either party with these terms. The contract may be written with complex details in accordance to the legal rights one would like to protect them.
Review of Contracts
It is highly recommended for the parties to hire real estate and land law attorneys in Palm Springs to review the contract and to determine if any modifications need to be made on it. As there are many guidelines and rules the parties must adhere to, a Palm Springs real estate attorney will be able to guide them towards ensuring the fairness aspect of the deal exists. A Palm Springs real estate attorney is well versed in today’s laws and statutes contained within them.
Contact us at 760-322-2275 to schedule a consultation with one of our attorneys.