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Real estate laws can be complicated to understand, which makes it challenging for homebuyers, sellers, landlords, and renters to fully comprehend their rights. In turn, it becomes difficult to move through a transaction with confidence. This is why most real estate deals can benefit greatly from the knowledge and experience of a lawyer. For those living in the Shelton, CT, area, the professionals at D’Agosto & Howe LLC are the lading resource for counsel and representation when it comes to a variety of legal matters dealing with real estate. They discuss a few useful facts to know about real estate law.                                              

3 Essential Facts About Real Estate Law to Become Familiar With

1. Landlords & Tenants Both Have Rights

There are provisions in place that are designed to protect the rights of landlords and tenants. Typically, these relate to topics such as eviction, rights to privacy, rent payments, liability, and taxation. Landlord-tenant issues must be approached properly to ensure neither party is infringing on the rights of the other.

real estate law2. Residential Purchase Agreements Are Binding

Under real estate law, residential purchase agreements are binding contracts between the buyer and seller of a home. The United States Statute of Frauds requires this document to be in writing and signed by both parties. In addition, it must contain identification of the property, the agreed upon purchase price, contingencies, the condition of the property, closing costs, the amount of deposit, and the closing date.

3. There Can Be Stipulations on Land Use

Many property owners make the mistake of believing they can do whatever they wish with their land. The truth is, there are often state and local laws that place restrictions on land use. This can affect things like home renovation and addition projects, site development, and intended business operations. It’s vital to have a clear understanding of these stipulations to avoid being in violation of the law.

Whatever your real estate interests may be, it’s imperative that you become familiar with the regulations that govern the industry. The legal team at D’Agosto & Howe LLC will ensure you understand what your rights and obligations are under the state’s real estate laws so you can make the most informed decisions regarding any issues that may arise. They specialize in residential purchases and sales, foreclosures, new construction, and landlord-tenant issues, and have helped many clients successfully navigate the complexities of each of these concerns. Contact them at (203) 712-0210, or visit their website for additional information. 

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