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The legal definition of land or real estate is land and therefore the buildings thereon . land law governs who may own and use the land.
This simple concept includes a good range of various legal disciplines. First, land could also be either residential or commercial. It are often owned by one person but employed by another through rental arrangements. Land are often bought or sold, and thanks to its high value, there are many local laws that ensure land transactions are properly performed and recorded. Land can also pass between relations through estate planning, or could also be owned by quite one person. Finally, state and native governments have rules concerning the needs that land could also be used -- for instance , each plot of land must be used consistent with local zoning laws, and landowners might not damage the encompassing environment.

Terms to Know

Title: A legal term describing who officially owns the land.
Mortgage: A loan that covers the price of a house. The new homeowner must give the lender partial ownership of the house as collateral.
Foreclosure: The process by which the lender takes control of a house if the owner fails to pay back the mortgage.
Closing: The meeting in which ownership of real estate is officially transferred.
Escrow: Money or property held by a third, disinterested party for safekeeping.
Real Estate Agent: A professional licensed to negotiate and conduct real estate transactions.

Practice Area Notes

Real Estate attorneys/ advocates/ practitioners aren't legally required at every transaction, however, hiring one are often very useful for the typical homebuyers. First, land attorneys can review the house’s transaction history and title to make sure that the home is ready to be sold which no past owners will come claiming to still own the house. Second, many attorneys/ advocates/ practitioners can advise homeowners regarding their mortgaging options. Third, attorneys can help review the contract of sale to form sure there it's fair to all or any parties. Most land attorneys charge an hourly fee, although some charge a flat fee for his or her services.

Related Practice Areas

Tax Law: Having real estate, particularly real estate that is mortgaged, has a big impact on most family’s taxes. Understanding the tax code can prevent families from overpaying on their taxes.
Landlord Tenant Law: Landlord tenant law covers the law of renting real estate, including leases, rent, and eviction for both residential and commercial tenants. Many lawyers consider it a part of real estate law.
Accidents and Injuries: Homeowners may be liable for injuries sustained on their property.
Estate Planning: Some people are very concerned about keeping real estate within the family. Estate planning attorneys can help them achieve that goal.
Insurance Law: Most landowners have homeowner’s insurance, which protects their property against various types of damage.