Residential real estate transactions are incredibly complex. They involve numerous documents that the average person may have a hard time reading. A variety of outside parties have a degree of influence on the transaction. There is a mortgage lender that may impose...
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Real Estate
Why are contingency clauses used in real estate contracts?
When buying and selling homes, people sometimes use contingency clauses. Essentially, the whole of a contract is contingent on these specifications. Certain stipulations have to be met for the offer to stand. Contingency clauses are commonly utilized in mortgage...
What happens to an easement when property changes hands?
An easement is a legal agreement wherein a property owner allows someone else to use their property for a specific purpose. They may define a very specific way in which this use can occur and a specific place where it can happen. For instance, imagine one property...
Why it’s so important to understand a home purchase contract
A home purchase contract is a legally-binding agreement between a purchaser and a person or entity that is buying or selling a home. For example, if you want to buy someone’s home, you will offer them a contract with certain terms, such as the price you are willing to...
3 terms you may be able to negotiate in a commercial lease
Signing a commercial lease can be a very important step for your company. It gives you a physical address, and you can often start counting down the days until you begin operations once you finally have facilities rented. Of course, that lease can also be a massive...
Why would you waive an inspection contingency?
If you’re buying a new home, you probably want to have a home inspection done. You need to make sure that the home is in good condition and that it will pass the inspection, both so that you know it is safe and so that you know it’s a good investment. But there are...
What can you do when a seller hides real estate defects?
There are several layers of protection in place for those buying real estate in Ohio. First and foremost, the state requires in-depth disclosures by the seller. They have to write out the condition of various systems so that buyers can make an informed decision. ...
Hurley Law Represents Buyer of $3.75 million Industrial Property
Hurley Law recently represented a buyer in acquiring a $3,750,000 mixed use industrial property. Our client is a leading supplier of commercial construction supplies with multiple national locations. The property will be used for industrial warehousing and offices, as...
Options for breaking a commercial lease
Many entrepreneurs share a common understanding that business involves taking a lot of risks. Startup owners may decide to enter into a lease for commercial property to create a specific image for their operation. Not long after, they may learn that they acted too...
Real estate taxes have increased; Can an appeal to lower your new Ohio property valuation be won?
Home values have sharply increased this year due to the pandemic, leading to larger property tax bills. Butler County Treasurer, Nancy Nix, said after the March 18 deadline to collect the first half of property taxes the office collected $304.3 million, which is a...