Owning commercial property or your family home may present legal issues that require the expertise of an experienced Los Angeles 90012 property lawyer. With access to some of the top attorneys in town, you’re sure to find what you need at a price point that works for your budget.
Co-Owner Disputes
When co-owning property with someone else, it’s wise to take into account their rights and responsibilities as a group. This could involve creating a joint property agreement.
A well-drafted and enforced contract can help resolve disputes between co-owners in the event they arise. It also serves to clarify who pays what expenses, if any.
These issues can become costly and difficult to solve without professional assistance. It’s wise to consult with some of Los Angeles’s premier property attorneys before things escalate into a full-blown dispute.
Conflicts between co-owners of real estate often are resolved through a partition action. In this process, a court order is sought to divide the property into equal shares of ownership and distribute distributions based on each party’s respective contributions.
Landlord/Tenant Disputes
Landlord/tenant disputes can be a major source of frustration for both parties. These conflicts may involve rent payment, property damage, security deposits, repair and maintenance needs.
By taking time to understand your rights and responsibilities as a landlord, you can help avoid many potential issues. Make sure to read your lease agreement thoroughly and become knowledgeable about federal, state, and local regulations.
If you are facing a disagreement with your landlord, mediation could be the ideal solution. This process often allows for quick resolution without needing costly legal fees.
Keep records of all correspondence. Doing so can help you recall key details and serve as evidence should you need to take your landlord to court.
A knowledgeable property attorney can also assist in filing a lawsuit against your landlord for violations such as eviction or neglect. This is an efficient and swift resolution to disputes, with legal strategies tailored specifically for each case.
Partition Disputes
Partition lawsuits are a frequent type of property litigation. A partition lawsuit involves the court ordering to divide property by equitable portion.
Co-owners may disagree as to the value of their real estate, a fair buy-out amount, or an accurate accounting. When adjudicating such matters, the court takes into account both financial contributions each co-owner has made to the property as well as any expenditures that benefit it such as taxes, mortgage payments, insurance policies, maintenance/repairs or construction improvements.
If one owner has paid the mortgage or property taxes, they may be eligible to receive partial reimbursement as partition offsets. Furthermore, if an owner has made improvements or had possession of the property, they can argue for its rental value.
A knowledgeable real estate attorney can assist you in expediting the resolution of a partition dispute. In many cases, resolution can be reached within months or less.
Real Estate Transactions
Real estate transactions are intricate and may involve a variety of issues. These could include legal procedures, property ownership and transfer rights, government regulations and costs.
No matter if you are the buyer or seller, having an attorney present at each step of the transaction is critical. Doing so can help avoid expensive property disputes and lawsuits down the line.
Once you are ready to continue with your purchase, a contract will be necessary. This document should clearly identify both parties and outline the purchase agreement, including payment terms.
The contract should also specify how title will be transferred to the new owner, usually through a deed or other transfer of title document. This serves as confirmation that ownership has been transferred and serves as evidence of sale; it includes settlement statements, affidavits of title and other closing documents.
