Real Estate Law
Real Estate Law Attorneys in Kalamaazoo
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Real Estate Kalamazoo Attorney. Real estate lawyers know how to avoid the common pitfalls related to real estate transactions, development, and disputes. For example, under Michigan law, certain contracts must be in writing; under MCL § 566.132, the “statute of frauds,” requires that certain promises be in writing and signed with an authorized signature by the party to be charged with the agreement, contract, or promise. In other words, certain promises must be in writing. Developers, owners, sellers and agents should fully understand their written obligations. There are nuances to real property law; thus, it is important to speak with an experienced real estate lawyer so you can make informed decisions. Whether you are buying/selling a home, developing commercial property, or addressing a real estate based dispute, be sure that you get the advice you need; contact Keilen Law today to discuss your real estate matter.
Real Estate Purchase Agreements. A real estate purchase agreement is a written contract that describes the terms and conditions surrounding the purchase of real property. The parties provide the real estate lawyer with information pertaining to assurances, representations, warranties, defects, and other related facets of the transaction. The lawyer will ask questions in an effort to prioritize the parties’ goals and interests. There is no universal “standard form” for real estate purchase agreements; thus, in most cases, brokerage templates will need to be augmented with a lawyer’s addendum, a document that will cover issues that a template may not adequately address. Notably, pursuant to the Michigan statute of frauds, for a real estate purchase agreement to be enforceable, it must be in writing.
No estate or interest in lands, other than leases for a term not exceeding 1 year, nor any trust or power over or concerning lands, or in any manner relating thereto, shall hereafter be created, granted, assigned, surrendered or declared, unless by act or operation of law, or by a deed or conveyance in writing, subscribed by the party creating, granting, assigning, surrendering or declaring the same, or by some person thereunto by him lawfully authorized by writing. MCL § 566.106.
In other words, every real estate transaction has unique facets to consider and address. Contact Keilen Law today, we can help.
Related Real Estate Articles
Does a contract have to be in writing to be enforceable?January 6, 2017
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Truth in Lending; Mortgage Loans.April 19, 2014
Premises Liability for Business OwnersApril 19, 2014
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