Atlanta Georgia Real Estate Lawyer
Real estate law is the name given to the branch of civil law that covers rights to possess, use, and enjoy land and the permanent man-made additions attached to it. This includes the capacity to hold interests in real property, landlord and tenant relations, the transfer of interests in real property, and real property financing, including deeds and mortgages. Real estate transactions are governed by a wide body of federal and state law, and the requirements established by state law often differ from state to state. Essentially, there are two types of real estate, residential and commercial. Ernst & Partners handles both forms of real estate transactions.
Residential real estate requires the buyer and the seller to first sign a written land contract in order to buy or sell a home. Once the land contract has been signed, the buyer is given time to conduct a title search of the premises and to obtain the necessary financing to make the purchase. The transaction then proceeds to the closing. At the closing, a real estate deed passes ownership from the seller to the buyer. In exchange, the buyer pays the seller the balance of the purchase price. The real estate deed is then recorded. The Attorney’s at Ernst & Partners have the experience and knowledge to make this process as easy and smooth as possible for both all parties involved.
Commercial real estate law governs real property, or immovable property like land, buildings and fixtures, that is operated for profit. Commercial real estate includes any income generating property such as offices, shopping malls, restaurants, industrial parks, retail stores, and factories. Commercial real estate transactions are regulated by both federal and state laws. This complicated transaction is handled quickly and efficiently by the Attorney’s at Ernst & Partners.