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Real Estate Archives

Items to Consider When Buying or Selling Real Estate

Whether you're contemplating the purchase or sale of a commercial real estate property, there are many different issues that you should consider before you open or close escrow. In an ideal situation, you will retain a real estate attorney from the outset of the negotiations to highlight some of these important issues. In addition to communicating with the various parties involved (e.g., lenders, brokers, city officials), good legal counsel will:

Should I Put My Rental Property in an LLC?

This is a very common question for owners of rental properties. Of course, like most things in life, there are advantages and disadvantages to consider when deciding whether to form a limited liability company (LLC) to hold your rental property. While I cannot possibly list all of the advantages and disadvantages in this blog post, I will include several of the key considerations.

Developers Required to Pay Costs For Defense of Land Use Lawsuits in Los Angeles

The Los Angeles City Council recently changed the game for future real estate development in the city. Like most cities in California, the entitlement approval process in Los Angeles (the "City") required real estate developers to indemnify the City against any challenges to the entitlements. In Los Angeles, however, the City Attorney has typically defended the City, thus reducing the developer's financial obligation to indemnify.

Right of First Refusal versus Right of First Offer - What's the Difference?

The terms Right of First Refusal (ROFR) and Right of First Offer (ROFO) are often thrown around in real estate and corporate negotiations. Whether you are negotiating rights relating to stock/membership options, commercial lease expansions, or property purchases, the general terms have the same applicability. However, the provisions under each are unique and may impact your rights. For the purpose of this blog, we will discuss the rights relating to commercial real estate deal where the parties are anticipating an expansion of leased space.

Buying or selling a home or property? Think you don't need a lawyer? Think Again!

Whether you're looking to buy or sell a home or any other type of property, you may want to consider consulting a local real estate attorney. Often times, buyers and sellers are already working with a real estate broker and mortgage lender and do not believe that an attorney is necessary for such a common transaction. While these other real estate professionals can offer some dependable guidance, they are not lawyers. To ensure that you receive proper legal advice, you should consult an experienced real estate attorney.

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Loftin | Bedell P.C.

Loftin | Bedell P.C.
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