Portsmouth Real Estate Lawyers

Portsmouth Real Estate Lawyers, VA

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Real Estate Law in Virginia

The real estate industry in Portsmouth is governed by a wide variety of laws, and these laws can affect the process and outcome of virtually any transaction or deal involving the sale, lease, or use of land.

Real estate law in Portsmouth can be fairly complicated, especially when it comes to things like mortgages and the resolution of disputes over construction defects.

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

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.

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Common Real Estate Law Issues in Portsmouth

Financing: Most people are unable to make major real estate purchases in Portsmouth 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 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 typically 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: 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 frequent 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 Portsmouth, every residential lease agreement, whether it's clearly stated or not, has an "implied warranty of habitability." This is a legally-imposed promise by the landlord that the rented dwelling (whether it's a house or apartment) is fit for habitation by humans. While there are many requirements for a place to be considered habitable, some of the most essential ones are electricity, running water, heating, and protection from the elements.

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Can a Portsmouth Real Estate Lawyer Help?

These issues, along with many others, can sometimes be fairly convoluted. Therefore, you should never hesitate to consult with a Portsmouth real estate attorney if you have any questions.

143 Real Estate, Housing & Property Law cases posted to LegalMatch lawyers in Portsmouth

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Life in Portsmouth

Portsmouth, Virginia is an independent city (meaning it is not part of any county) in the Hampton Roads metropolitan area of Virginia. Its population is about 95,000 people.

Portsmouth is home to the Norfolk Naval Shipyard, a historic and still-active shipbuilding facility for the United States Navy. It was given the name "Norfolk" to avoid confusing it with the Naval shipyard that already existed in Portsmouth, New Hampshire.

This shipyard employs thousands of people, and is one of the major economic drivers of Portsmouth, Virginia. The shipyard, and the associated military installations nearby, employ several Portsmouth, Virginia attorneys, both as military officers and civilians. 

Because of its varied industries and large military presence, there are many lawyers in Portsmouth, Virginia practicing a wide variety of legal specialties. If you need legal advice, chances are good that you can find a Portsmouth, Virginia attorney who can help.

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Top Rated Lawyers

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LegalMatch Family Law Lawyer Cherish H.

Cherish H.

Portsmouth City, VA

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LegalMatch Administrative Law Lawyer Barbara H.

Barbara H.

Portsmouth City, VA

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LegalMatch Real Estate, Housing & Property Law Lawyer Roy B.

Roy B.

Loudoun, VA

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LegalMatch Real Estate, Housing & Property Law Lawyer Joseph D.

Joseph D.

Fairfax, VA

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