In most Commonwealth countries, a licensed conveyance solicitor is an expert legal practitioner who specialises in the technical aspects of selling and purchasing commercial real estate, or conveyancing. A conveyancing solicitor can also be either a solicitor certified conveyance solicitor, or an individual of the Institute of Legal Executives, or another professional association of this type. They are trained professionals who are extensively knowledgeable in the laws of the relevant area and can assist a client in legal proceedings related to commercial real estate transactions. They are proficient in the application of UK law relating to the sale and purchase of commercial real estate. It is advisable to engage a conveyancing solicitor when you are undertaking a commercial real estate transaction in the UK.
The role of the real estate lawyer is to guide the client in arranging for the transaction through due diligence. He or she also performs other functions such as organizing the documentation and arranging for witness cooperation. He or she advises the client on issues relating to contract law, fiduciary issues, property valuation, tax liability, contract law, the contractual process and litigation procedures, as well as administrative and transactional matters. Conveyancing solicitors also help the clients to deal with title registration, deposit protection insurance, mortgage lenders, escrow accounts, the purchase of the property, the financing of the transaction, property documentation and land surveys.
Many transactions require the involvement of real estate lawyers, because the transactions are complex and have many legal terms used that can make it difficult for laymen to understand. For example, when you purchase a house or apartment in the United Kingdom, you are required to obtain an occupancy permit from the UK authorities, which is processed by the London Borough Council. This is known as the London permit. You are then required to complete the purchase agreement, which is known as a purchase contract.
The purchase agreement is the legal document that binds all parties to the transaction. The real estate lawyer can assist you with completing the purchase agreement legally. If there are any nycans involved in the transaction, the real estate attorneys for the respective states will be able to assist you with any questions you may have.
Another common type of transaction is that of a chain of ownership. A typical chain of ownership involves one party who is the master proprietor of a property and another party who hold a share or interest in that property. A real estate attorney can assist the buyer with ensuring that he or she receives the full value of the property. He or she can also advise the buyer on how to avoid any conflicts of interest between him or her and the other party to the transaction.
In cases where a home is bought to rent rather than buy, there may be additional issues. If a renter moves into the house, both the owner and the tenant have the right to sell the house. The real estate attorney can advise the buyer on the process of transferring ownership of a house to a new party. It is always advisable to hire one who has experience dealing with such transfers. Once the issues are resolved, you will need one who can advise you about how to get financing for the transaction.
There are some complicated transactions involving many parties. For example, if a person buys a plot of land and builds a house on it, that person will need to engage the services of a builder and a surveyor. If the seller agrees to the transaction, the real estate lawyer will help the buyer obtain the necessary permits from various government agencies. This way, the buyer will ensure that his or her rights are protected during the transaction. In more complex transactions, the lawyer can draw up a written contract that both the buyer and the seller to sign.
There are lawyers who provide general legal services and there are also those who practice exclusively in real estate transactions. You can easily find these kinds of law firms by doing a search on the Internet. Then select the ones in New York that are most recommended by other people. Be sure to choose a lawyer who is experienced and has a good reputation. Ask friends or colleagues for recommendations, and visit a few of the lawyers in the city before signing on the dotted line.