You Can Rely Upon
Real estate transactions are often complex, and a party’s lack of understanding of key phrases in a contract or the failure to negotiate favorable terms can have a long-term detrimental impact. As such, it is critical for parties engaged in the process of buying, selling, or leasing a property to seek legal counsel to assess their options for attempting to ensure their rights are protected. The seasoned Plainville and Bristol real estate transactions attorneys of Jainchill & Beckert, LLC, have ample experience handling each stage of the real estate process. If you hire us, we can help you strive for a deal that is both advantageous to your interests and legally sound. Collectively, our lawyers have more than fifty years of experience aiding parties, and we are available to speak with you regarding your unique goals.Advantages of Hiring an Attorney Prior to Closing on Transactions
While it is not required for a person interested in renting, buying, or selling real estate to retain a lawyer, it is prudent to do so for numerous reasons. First, an attorney can obtain and analyze information regarding prior transactions involving the property. This is necessary to determine whether there is anyone other than the current owner who has a claim to an interest in the property, such as an easement, which grants a party a legal right to use part of a property for a specific purpose, without transferring any ownership interest.
Researching a property’s history will also allow a real estate transactions attorney in Plainville and Bristol to determine if a “cloud on the title” of a property exists. Under Connecticut law, a cloud on the title is the term used to describe a document that indicates that a party has a right to a property unless proven otherwise. This right may be ownership of the property, a lien, or another encumbrance. If a cloud on the title does exist, a lawyer may be able to facilitate the process of removing the cloud via legal action.
An attorney can also help to negotiate a favorable sales, lease, or mortgage agreement, which can help a party financially. Additionally, a lawyer can strive for a comprehensive agreement that clearly and explicitly defines each party’s obligations and rights to reduce the risk of liability or a dispute going forward.Connecticut’s Law Regarding Real Estate Transactions
Unlike many aspects of property transactions that do not require the assistance of a lawyer, many real estate closings must be handled by a Plainville and Bristol real estate transactions lawyer. In other words, mortgage loan transactions involving title insurance, other than a transaction involving a home equity line of credit, must be handled by a lawyer. Additionally, the law broadly states that any transaction in which the ownership of real estate is changed in exchange for money or other consideration must be conducted by an attorney as well.
Further, there are certain acts that occur during real estate transactions that constitute the practice of law; thus, the person performing such acts must be a lawyer. For example, offering advice to parties regarding their legal rights or obligations with regard to the transfer of an interest in the property, and drafting legal documents that affect parties’ rights, which includes deeds, mortgages, and easements is considered the practice of law and must be done by a lawyer.Speak to a Skillful Real Estate Lawyer in Connecticut
Real estate transactions often involve result in a permanent change in the right to claim a property, and it is prudent, therefore, for a party considering partaking in real estate dealings to retain a competent lawyer. The skillful real estate transactions lawyers at the Plainville and Bristol firm of Jainchill & Beckert, LLC, are well versed in what is required to facilitate a successful deal, and if you engage our services, we will work diligently to provide you with sound advice and will aim to draft agreements that are comprehensive and beneficial to your interests. We have an office in Plainville, and we regularly help people in transactional matters involving real estate in Bristol and Plainville, and in other cities throughout Connecticut, such as Hartford, Southington, Farmington, and New Britain. We can be reached at (860) 351-5254 or via the form online to set up a conference.