Answering Your Real Estate Law Questions
Last updated on September 13, 2024
At Dinn, Hochman & Potter, LLC, our attorneys direct the interests of our clients in all real estate disputes, including construction, development, transactions and litigation. Our firm is available to represent all participants in these disputes, such as contractors, buyers, sellers, investors, lenders, businesses and insurers. We handle both commercial and residential matters throughout Ohio. This includes:
- Acquisition and sale of retail, commercial, industrial and residential spaces
- Financing
- Construction
- Eminent domain
- Zoning
- Appropriation
- Real estate and construction disputes
- Securing of financing and funds for purchases or development
With attorneys in our firm handling a range of practice areas, we have in-house resources to handle issues that arise, including business law, tax issues and contract disputes.
Available To Assist With Complex Real Estate Issues
Our lawyers are also available to represent clients in tax-free exchanges (1031 tax-deferred exchanges), zoning issues, appropriation, eminent domain and environmental rights. Our representation extends to all real estate issues your business may face.
We conduct leasing work for shopping centers and other retail locations, creating agreements facilitating a long-term relationship between the lessor and lessee.
Addressing Your Top Real Estate Law Concerns
At Dinn, Hochman & Potter, LLC, we understand that real estate law can be complex and often raises numerous questions. To help you navigate this field, we’ve addressed some of the most common concerns our clients bring to us:
What is the difference between residential and commercial real estate law?
While both residential and commercial real estate law deal with property transactions, they differ significantly in complexity and scope. Residential real estate law typically involves individual homeowners and focuses on matters such as home purchases, sales and leases. Commercial real estate law, which we frequently handle, encompasses a broader range of issues related to business properties. These may include complex zoning regulations, environmental concerns and intricate financing arrangements. Commercial transactions often involve multiple parties, higher financial stakes and more detailed contracts. Our attorneys are well-versed in navigating both areas, ensuring our clients’ interests are protected whether they’re dealing with a family home or a large-scale commercial development.
Should you DIY a real estate transaction?
While it may be tempting to handle a real estate transaction on your own to save on legal fees, we strongly advise against this approach. Real estate transactions involve complex legal documents, state-specific regulations and potential pitfalls that can lead to significant financial and legal consequences if not properly addressed. Our experienced attorneys bring valuable insights to the table, identifying and mitigating risks that may not be apparent to the untrained eye. We ensure all necessary due diligence is performed, contracts are properly drafted and reviewed and your interests are fully protected throughout the process. The cost of legal representation is a small price to pay for the peace of mind and protection it provides in such significant financial transactions.
What is title insurance, and why do you need it?
Title insurance serves as an essential safeguard in real estate transactions, offering critical protection for both purchasers and lenders. This coverage shields against unforeseen legal challenges that may arise from past ownership disputes or irregularities in the property’s title history. It covers risks such as undisclosed heirs, forged documents, or errors in public records that could challenge your ownership rights. While our attorneys conduct thorough title searches, some issues may not be immediately apparent. Title insurance provides an additional layer of protection, potentially saving you from significant financial losses and legal battles in the future. We recommend title insurance for all real estate transactions, as it offers long-term protection for what is often one of the largest investments you’ll make. Our team can guide you through the process of obtaining appropriate title insurance coverage tailored to your specific transaction.
We hope these answers provide valuable insights into some key aspects of real estate law. Remember, every real estate transaction is unique, and our experienced attorneys are here to guide you through your specific situation, ensuring your interests are protected every step of the way.
Discuss Your Goals With A Real Estate Attorney
To arrange an initial consultation to discuss your real estate and expansion goals, please contact our law firm today at 440-446-1100.