Whether an individual manages a portfolio of rental properties or is looking to expand their investments by obtaining a new home or additional rental units, real estate law attorneys in Chicago are invaluable resources that decrease liability. The laws surrounding real estate are convoluted to a lay person, but an attorney will have in-depth knowledge of the legal landscape and help a client with a variety of issues. If a person is facing any of the following situations, they should consult an attorney before proceeding.
HOA Fee Collection
Homeowners associations are responsible for enforcing community-wide covenants and collecting any fees that residents are required to pay to help cover the costs of maintenance. If a homeowner chooses to forgo their payments, it is essential to take action as soon as possible to aid in the recovery of the fees and any additional charges related to the late payments. Real estate law attorneys in Chicago will draft a letter that encourages payment and states the possible repercussions for failing to do so.
Managing rental properties requires knowledge of any applicable local laws, and the act of evicting a tenant should not be taken lightly. No matter the reason for eviction, it is imperative to hire an attorney to represent the owner or managing agency. They will assist with completing the required forms and ensure the landlord does not interfere with the tenant’s rights and make the eviction process more complicated than necessary.
Real Estate Closings
One of the biggest blunders a buyer makes is choosing to enter real estate closing proceedings without the help of a legal professional. An attorney will ensure the proper documents are filed with the local register of deeds office and that there are no outstanding judgments that will prevent the transfer of the property. Avoid the most common issues associated with buying a home by hiring an experienced lawyer to offer expert guidance.
A real estate attorney is standing by to offer help with any property transaction. The team at Starr, Bejgiert, Zink & Rowells has more than 80 years of combined experience and will allow a person to invest with confidence. Contact their office today for more information and forget about the anxiety associated with real estate issues. Follow us on Twitter.
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