Trenton Real Estate Lawyers
Real Estate Law in New Jersey
Trenton's real estate industry is governed by a huge body of laws. This is because almost any real estate transaction invokes laws concerning civil rights, consumer protection, land use, and contracts.
The law governing real estate in Trenton can get pretty complicated, especially when things such as mortgages, disputes about construction defects, and conflicts over title are involved.
Thus, if you're planning on engaging in any kind of real estate transaction, it's important that you learn at least the basics of real estate law in Trenton.
Having at least some knowledge of real estate law will be to your advantage in virtually 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 Trenton
Financing: Most people are unable to make major real estate purchases in Trenton with cash, because few people have that kind of money on hand. Therefore, to buy real estate, most entities use a mortgage. This is a loan used to buy a piece of property. When the loan is authorized, and the property purchased, the lender holds a security interest in the property until the loan is paid off, with interest.
Zoning: Zoning laws govern what types of structures can be built on given parcels of land. Usually, cities and towns are zoned in order to ensure that neighborhoods are clearly divided into residential, commercial, and industrial categories, to ensure that everyone who uses the land can make the best possible use of it, for their particular purpose
Duty to Disclose: sellers of real estate, especially houses and other residential property, are legally bound to tell the buyer about any defects in the property that the seller knows about, and that the buyer couldn't easily discover on his own (mold or termite problems are prevalent examples). If the seller fails to make such disclosures, he or she could be liable for any harm the defect causes to the buyer, as well as the cost of repairing it. If the seller intentionally conceals or lies about the defect, he or she might also face punitive damages.
Implied Warranties: In Trenton, 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 stated in the lease agreement, and it still applies even if the landlord tries to disclaim any such warranty. There are many conditions 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 Trenton Real Estate Lawyer Help?
These issues, along with many others, can sometimes be fairly intricate. Therefore, you should never hesitate to consult with a Trenton real estate attorney if you have any questions.
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Life in TrentonTrenton is New Jersey's capital. It is seen as a part of the Greater New York Area by many. It is located in Hunterdon County.
Popular attractions include Cadwalader Park, Friends Burying Ground, the New Jersey State House, War Memorial Auditorium, The Trenton City Museum, Trenton Battle Monument, New Jersey State Library, New Jersey State Museum, Old Barracks, William Trent House, and Trenton City Hall.
Trenton is home to many attorneys who practice in law offices and firms. These attorneys focus on providing excellent legal services to their clients, who comprise of both residents and local businesses.
Famous past residents include Steve Braud, Betty Bronson, Al Downing, Greg Grant, Roxanne Hart, Roy Hinson, Gary Stills, Troy Vincent, and Ira W. Wood.