In Indiana, real estate laws encompass a multitude of circumstances related to real estate properties. The properties include commercial, residential, and rental options. The laws define how the properties are sold and rented. A real estate lawyer in Auburn, Indiana offers assistance for tenants, buyers and sellers.
Real Estate Property Management Law
Property management laws are reviewed by a real estate attorney. The property manager is required to ensure that the property is up to code and safe for tenants. The landlord or manager must avoid any discriminatory practices, which means that they are not allowed to deny a lease to any applicant based on their gender, race, sexual orientation or religion. However, they can deny a lease to an applicant that present a risk due to bad credit or a criminal background.
The Rights of Tenants
Tenants have the right to privacy when living in the rental property. If the manager or landlord chooses to conduct inspections, the tenant is notified ahead of time. It is also unlawful for the landlord to search through the tenant’s belongings. The tenant also has a grace period before the rental payments are late. Typically, a five-day grace period is provided.
Closing and Title Transfers for Real Property
Real estate attorneys manage the closing and provide a new title for the new owner in a real estate transaction. The attorney connects the buyer with a title company who offers title insurance if any issues arise. The attorney reviews all documents involved in the closing and ensures that all legal requirements are met.
Managing Real Estate in Estate Planning
Estate owners acquire the assistance of a real estate attorney to manage early transfers of ownership. The process allows the estate owner to reassign ownership to a family member. The new assignment removes the real property from their estate and decreases its value.
In Indiana, real estate laws prevent common issues including tenant and landlord requirements. The laws define procedures for selling properties and issues that often emerge. Closing and other requirements are outlined in the laws as well. Consumers or businesses that need help from a real estate lawyer in Auburn, Indiana can contact Yoder & Kraus for more info now. Follow us on Twitter.
