Real estate has long been recognized as specialty practice, under the law, with unique issues that can – and do – arise in the process of buying and selling of both residential and commercial real estate. When it comes to commercial real estate title closings in Lake Charles LA, it is important to choose an experienced lawyer to perform this service.
Negotiate and Document Deals
Whether coming to an initial set of terms or working through a dispute that arises mid-way through the transaction, an adroit real estate attorney is beneficial in protecting your rights and advocating for your best terms. Having a knowledgeable counselor on your side makes it much more likely that you will get a favorable outcome and clean title.
Once you reach an agreement for the purchase or sale of property, a real estate attorney can assist by drafting and reviewing the resulting purchase agreement. The old maxim, “an ounce of prevention is worth a pound of cure” applies in these situations; a short-sighted or inartfully-worded agreement can lead to costly litigation down the road so it pays to have a professional involved at the agreement’s inception.
Spot and resolve title matters
There is a reason title insurance is a must in real estate transactions. Recording errors unknown easements, and surprise liens are just a few of the many unforeseen complications that can arise. Attorneys who handle commercial real estate closings in Lake Charles LA should understand the title issues that arise in Louisiana parishes.
Title insurance is not technically required under Louisiana law but chances are your lender will require it. A policy may protect you from financial loss due to a title dispute but you will be in a much better position if an experienced lawyer takes a look at a potential title issue before it becomes a much bigger problem.
The last thing you want is to end up in a legal dispute, but the reality is it happens. Disagreements over the meaning of contract terms, lack of disclosures over property defects, late-arising boundary disputes, and zoning and permitting trouble are just a sample of the endless legal disagreements that can arise. An experienced attorney will be able to help you understand the scope of the problem and possible solutions while formulating a strategic approach.
Depending on your goals and the terms of any contracts involved, there may be several options for dealing with residential or commercial real estate disputes. Lawyers who understand their clients’ goals may be able to craft a creative resolution that avoids litigation altogether. Signed agreements may contain provisions requiring arbitration. If both parties are willing to work together, mediation may be a desirable option. In some cases, there can be no solution other than litigation; in that case, an experienced real estate litigation attorney is exceptionally important.
Speak with a Louisiana real estate attorney
Real estate deals can present hidden traps. Instead of being caught off-guard, speak with a trusted residential and commercial real estate attorney in Lake Charles, LA. The lawyers at Lundy, Lundy, Soileau & South are committed to the professional, effective resolution of real estate matters. Call today to find out how we can help.