Richardson Real Estate Lawyers

Find the right Real Estate attorney in Richardson, TX

Real Estate Law in Texas

Richardson'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 large volume of laws regulating real estate in Richardson 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 Richardson's real estate law.

Having at least some knowledge of real estate law will be to your advantage in basically 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 Richardson

Financing: The majority of people in Richardson can't afford to make a major real estate purchase by paying the full purchase price up front. Most individuals and small businesses, therefore, use a mortgage to make real estate purchases. A mortgage is a loan given for the purpose of buying a piece of property, with the bank obtaining a security interest in that property until the loan and interest are paid off.

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 Warranty: All residential lease agreements in Richardson carry with them an implicit promise by the landlord that the property is fit for human habitation. This warranty does not need to be explicitly stated in order to have effect, and neither the tenant nor landlord can waive it. Any contract claiming to waive this warranty is void. To be considered habitable, a building must not be so dirty as to pose a health hazard, it must have running water, it must have electricity, and it must provide adequate protection from the weather. There are many other requirements, but if a building or unit lacks any one of those, it will be considered uninhabitable.

Can a Richardson Real Estate Lawyer Help?

The issues briefly discussed above, as well as many others, can be very difficult. Accordingly, if you are engaged in any real estate transaction, it's never a bad idea to first consult with an experienced Richardson real estate attorney.

Talk to a Real Estate Law Attorney now!

Life in Richardson

With a population of just 100,000 residents, Richardson, Texas is one popular place to live. Located in Dallas and Collin Counties, Richardson comprises 28.6 square miles and is easily accessible from the Dallas Fort Worth airport. Business Week recently recognized Richardson as one of the top cities to raise kids in Texas.

Known as the "Telecomm Corridor," Richardson is home to over 5,000 thriving businesses, many of which are the world's top telecommunications providers including: ATT, Verizon, Cisco Systems, Samsung, and Fujistsu. Not surprisingly, Richardson has been ranked one of the top cities to work for commuters.

In addition to telecommunications, Richardson is also home to some top lawyers. Trained locally and out of state, Richardson lawyers are some of the best in the business and enjoy living and working in the wonderful city of Richardson. Richardson lawyers are skilled in a range of practice areas and always available to help their local client with whatever legal issue he or she is dealing with.

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