Lakewood Real Estate Lawyers
Real Estate Law in Ohio
Lakewood'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 Lakewood might seem overwhelming to the uninitiated. Indeed, they can get very complicated, especially when issues about title defects or construction disputes are involved.
Therefore, it's a smart idea to obtain at least a very basic knowledge of how real estate law in Lakewood works.
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 Lakewood
Financing: Most individuals are unable to make major real estate purchases in Lakewood with cash, because few people have that kind of money on hand. Thus, to buy real estate, most entities use a mortgage. This is a loan used to buy a piece of property. When the loan is issued, and the property purchased, the lender holds a security interest in the property until the loan is paid off, with interest.
Zoning: Zoning laws dictate what types of buildings can go on given pieces of property. These laws are generally designed to ensure that residential areas are as clean and as quiet as possible, thereby preserving property values. They accomplish this by ensuring that other uses that might be inappropriate in a residential area, such as heavy industry, are in different parts of town. This also ensures that industries will be able to go about their business without constant complaints from their neighbors.
Duty to Disclose: When buying a home in Lakewood, you are safeguarded by the law. The seller has a legal obligation to disclose to the buyer any defects of which the seller is aware, which the buyer couldn't detect through a superficial inspection. If you are selling a home, it's probably best to disclose every defect you know about, to guarantee that you aren't faced with a lawsuit from the buyer sometime in the future.
Implied Warranties: Every lease of a residential unit in Lakewood carries with it an implicit promise by the owner that the unit will meet some basic minimum requirements for human habitability. There are many factors that go into deciding if a unit is "habitable," but there are a few essentials, and they include running water, heat, electricity, and adequate shelter from the elements.
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Can a Lakewood Real Estate Lawyer Help?
The issues discussed here, along with others, can be complex and intricate. Therefore, if you have any questions on this subject, you should not hesitate to ask a Lakewood real estate lawyer.
55 Real Estate, Housing & Property Law cases posted to LegalMatch lawyers in Lakewood
Real Estate Attorneys in the Largest OH Cities
Life in LakewoodLakewood is in Cuyahoga County, Ohio. It is considered a part of Cleveland. It is the third largest city in the county, along with Cleveland and Parma.
Some great places to check out in Lakewood include Lakewood Park, The Rocky River Reservation, The Beck Center for the Arts, and Malley's Chocolates. A really popular restaurant that both locals and visitors love is Aladdin's Eatery,
Lakewood is home to many attorneys who either practice locally, or in Cleveland. These attorneys have excellent training, work in great firms, and can handle the legal needs of residents and businesses.
Famous residents, both past and present, include Matt Dunigan, Teri Garr, Moe Mantha, Jr., Brad Friedel, Sean Patrick O'Malley, Alex Boone, Dick Feagler, and Gary Lewis.