Cleveland Real Estate Lawyers
Real Estate Law in Ohio
Cleveland's real estate industry is controlled by a huge body of laws. This is because almost any real estate transaction invokes laws regarding civil rights, consumer protection, land use, and contracts.
The wide volume of laws regulating real estate in Cleveland might seem overwhelming to the uninitiated. Indeed, they can get very complicated, especially when issues about title defects or construction disputes are involved.
Thus, it's always good to have at least some knowledge of Cleveland's real estate law.
Having at least some knowledge of real estate law will be to your advantage in practically any real estate transaction. Knowing the law can give you a bargaining advantage and prevent you from being saddled with obligations that you don't have to assume.
Common Real Estate Law Issues in Cleveland
Financing: Not too many individuals or small businesses in Cleveland can purchase real estate with the cash on hand, simply because land is expensive, and few people have hundreds of thousands (or even millions) of dollars in the bank. In buying real estate, a mortgage is an outstanding solution for most people. Of course, you still have to pay the full price of the real estate you're buying, but a mortgage allows you to do this in installments, over a period of years.
Zoning: Zoning regulations govern what types of structures are allowed on various parcels, based on their location in a municipality. For instance, some areas in a city might be zoned only for residential use. Another area might authorize industrial use. These rules are meant to keep property values up, and promote harmony among neighbors by preventing conflicts.
Duty of Disclosure: Sellers of homes are bound by a legal duty to disclose defects in the home to prospective buyers, before they buy the house. Any defect which the seller knows (or reasonably should know) about, and which cannot be discovered by the buyer through an average inspection, must be disclosed to the buyer.
Implied Warranties: In Cleveland, every residential rental agreement carries with it a warranty of habitability, in which the landlord implicitly promises that the unit is fit for human habitation. This applies whether or not such a warranty is mentioned in the lease agreement, and it still applies even if the landlord tries to disclaim any such warranty. There are many circumstances that might make a unit uninhabitable. A few examples are a lack of electricity, no running water, or no heating.
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Can a Cleveland Real Estate Lawyer Help?
These issues, along with many others, can sometimes be fairly difficult. Therefore, you should never hesitate to consult with a Cleveland real estate attorney if you have any questions.
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Life in Cleveland
Cleveland, or "The Forest City," is the county seat of Cuyahoga County and best known for playing host to the Rock and Roll Hall of Fame. As the State of Ohio's second largest city, Cleveland's economy is highly reliant upon its central position and convenient access to local ports, waterways, and rail lines. The Cuyahoga River, Lake Eerie, as well as the Ohio and Eerie Canals make up the main access routes by ship. Cleveland is a major producer and exporter of steel and other mass produced goods. The recent upturn in the Cleveland technology companies has attracted new major employers like Applied Industrial Technologies, KeyCorp, and the Glenn Research Center.
A few other notable businesses located in Cleveland include Sherwin Williams Company, NASA, and Forest City Enterprises. There are also a number of notable medical facilities like the Cleveland Clinic. The Cleveland Clinic is ranked in the best U.S. hospitals by U.S. News & World Report. The American Public Transportation Association named the Greater Cleveland Regional Transit Authority the best mass transit system in the United States. Guns n' Roses star Steven Addler, Price is Right host Drew Carey, Tracy Chapman, director Wes Craven, rapper Kid Cudi, author Toni Morrison, and gold medalist Jesse Owens are all Cleveland natives. Needless to say, it's a diverse city. One way the diversity has positively manifested is with the local cuisine. Cleveland plays host to some of the most acclaimed restaurants in the world. Chef Michael Symon who was named a Food Network Iron Chef.