Real Estate Law
Real Estate Legal Issues Can Be Tricky
Real estate legal issues can be tricky, and mistakes can be expensive. Whether you are buying a house or building an apartment or office building, going to close without an experienced real estate attorney can end up costing you a lot of money.
Real Estate Contract disputeIf you are buying real estate, a number of real estate legal issues need to be considered and addressed. How will the property be paid for? Will the seller take-back financing some or all of the purchase price? Is the purchase contingent on a bank loan, and if so, then what terms (as in interest rate and amortization period) would be acceptable? Is the property subject to any easement or other use restrictions, and how will those affect the intended use of the property? Real Estate Legal Issues How do you protect against environmental liabilities? Since standard title insurance policies are riddled with exceptions like a termite-infested building, how do you guarantee title protection? Is title insurance even necessary? What title endorsements should you get? When and where will closing occur, and who is supposed to bring what to closing? Who pays expenses, and how will things like taxes and utilities get prorated?
If construction is involved, how will payments be disbursed? How can you be sure you are only paying for the work that has actually been done? Is there proper workers comp, liability, and other insurance coverage in place to protect you during the construction phase? These real estate legal issues can be complicated to navigate. Call red Vilbig for answers anyone can understand.
If you are leasing the property, whether for residential or commercial purposes, how do you protect yourself? What provisions should be in the lease agreement? When is rent due and what happens if rent is not paid on time? f some sort of a build-out is required, what are you willing to allow, should you have the right to approve or reject any such build-out? What limited uses are permitted so that the property is not destroyed or used for an illegal purpose? Can your tenant sublease, and if so, under what terms and conditions? If there is any common area to be maintained, who pays what portion of the maintenance costs? And who has to carry what insurance?
Fred L. Vilbig has represented buyers, sellers, and developers throughout his career. He is familiar with title insurance, zoning and building code issues, financing, and leasing.
If you are buying, selling, or developing real estate, complete the form on the right and submit it to us. We will be in touch.
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Did You Know...?
Avoiding Probate Delays: Unlike a will, certain estate planning tools such as
living trusts can help your estate avoid probate, providing a quicker and more private distribution of assets to your beneficiaries.
I am General Counsel to a small college. We have used Mr. Vilbig on many occasions to assist our benefactors to complete complicated charitable gifts to the college in their estate plans. He has wide expertise in charitable trust and tax law. Most important to us, however, is Mr. Vilbig's ability to put our benefactors at ease in working with them to achieve their charitable intent. They trust him and he has secured for our college substantial estate gifts as a result. I recommend him without reservation
I was at a "brown bag" lunch and heard about the difference between Wills and Trust. I had a Will but realized I needed a Trust. I didn't contact the speaker because I knew Fred from my kid's school and church. I trusted Fred to do it right and I'm very pleased with his services. Everything went very smoothly and Fred made it easy to do. 
