Orem Real Estate Lawyers

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Real Estate Law in Utah

Orem'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 massive volume of laws governing real estate in Orem might seem overwhelming to the uninitiated. Indeed, they can get very complicated, especially when issues about title defects or construction disputes are involved.

Accordingly, it's a smart idea to obtain at least a very basic knowledge of how real estate law in Orem works.

Having at least some knowledge of real estate law will be to your advantage in essentially 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 Orem

Financing: Not too many people or small businesses in Orem 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 excellent 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 control what types of structures are allowed on various parcels, based on their location in a municipality. For example, some areas in a city might be zoned only for residential use. Another area might permit 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 ordinary inspection, must be disclosed to the buyer.

Implied Warranty: All residential lease agreements in Orem 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 arrangement 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 Orem Real Estate Lawyer Help?

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

Talk to a Real Estate Law Attorney now!

Life in Orem

Orem, Utah is a city of about 93,000 people, located in Utah County.

Orem has nicknamed itself "Family City USA," and, living up to this moniker, it was named by Forbes Magazine as one of the 10 best places in the United States to raise a family. Orem, Utah was named after Martin C. Orem, a railroad magnate who operated a railroad in the area, and served as an early catalyst for its economic growth. Orem was formally incorporated as a town in 1919.

For most of its history, Orem was a small agricultural community. However, the years following World War Two saw booms in the nation's economy, population, and standard of living. This led to a huge amount of farm land giving way to residential developments.

Modernly, Orem, Utah's economy is largely based around Utah Valley University, which is the second-largest public university in Utah, with over 28,000 undergraduates. Orem is also home to many local businesses, as well as regional offices of larger corporations, creating a varied job market.

If you live in Orem, Utah and need an attorney, you're in luck. There's probably at least one Orem, Utah lawyer who can handle your particular legal issue, no matter what area of law is involved. If you need legal advice, you should contact an Orem, Utah lawyer immediately.

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