In a place where property development is more prosperous and sought after than ever, property law cases have also, naturally, increased. It’s important that tenants and homeowners know their rights in cases of foreclosure and eviction, and that they contact a real estate law firm and real estate attorney familiar with personal property law cases. As a tenant or homeowner, it’s important for each person to educate themselves as well, to be as knowledgeable as possible when it comes to their rights. While property development can be prosperous, it is often successful at the cost of uprooting the prior people living at the property.
Here are some key things to keep in mind when property development impacts you:
- If you are a tenant leasing a property for over a year in the State of California, the landlord of the property must give you at least 60 days notice before an eviction.
- If you are a homeowner looking to sell your home, it is a good idea to have a property inspection done. A property inspection can help to inform you about what repairs you need to make before your home is listed for sale. As the vast majority (77%) of prospective homeowners have a home inspection done before actually purchasing a home, this can help to avoid roadblocks in selling your home down the line
- Foreclosure on homes is not uncommon (in fact, it happens to every 1 out of 200 homes). If your home is foreclosed on, you have a right to adequate notice and a chance to pay what you owe before the event of a foreclosure sale ever happens. If you find that your home is being foreclosed, it is in your best interests to seek the counsel of a real estate lawyer.
- If you a prospective home owner, know that, in the state of California, real estate agents are required by law to disclose if any deaths have occurred on the property within the last three years.
For homeowners, tenants, and homebuyers alike, it’s important to know your rights and what you are entitled to, be it disclosure or fair notice. If you find yourself in a situation you are uncomfortable navigating when it comes to property development, contant a real estate law firm.