Tag: real estate lawyer

Recognizing The Disputes Surrounding Boundary and Property Lines

Posted by David Chang on September 30, 2019 with 0 Comment

When moving into your first home, it is important to have a friendly relationship with your neighbors. In addition, it is essential to have a clear sense of boundary and property lines with your next-door neighbors to prevent the risk of a dispute. The land you own is one of the most valuable things to you, as it is to your neighbor, this is why it is so crucial to establish property lines to avoid heated arguments. It can be very difficult to determine the land you specifically own, it can be a technical error where your deed states you own the land that your neighbor’s deed states they own. Proper communication and understanding the issue together will help solve these problems.

What Are Boundary And Property Lines?

Boundary and property lines are particularly the cut-off lines of the land you own. The county’s tax map defines each parcel of land and what you specifically own. A property line in a residential home can be hard to spot, as the climate could have changed overtime. Determining the property line is generally where your lawn and your neighbor’s lawn meets together, something as little as building a walkway in the wrong area can disrupt this and cause complications.

When Should Legal Assistance Step in?

If you and your neighbor can not solve the dispute regarding the boundary line of the properties, it may be time to contact your real estate attorney and file a lawsuit. However, this may not be a good idea since it may create an awkward tension between you and your neighbor for the years you live next to each other. Generally there are two types of causes of action you have the ability to take when filing a lawsuit concerning the boundary lines of your property and your neighbor’s land, which include:

Ejection: In a lawsuit with the boundary lines of your property, you may sue your neighbor for ejection, or trespassing, where a state judge may order the neighbor to remove him or herself and any possessions from the property. In addition, you may win money damages if your neighbor disrupted the value of your property.

Declaratory Judgement: Declaratory judgement is a process where a state judge determines if you or your neighbor are legally subject to the specific piece of land. This type of lawsuit will not result in any money damages, it is more of a neutral jurist making a determination on the deeds and the legal documents presented with the properties.

For more information and to help you with your boundary and property line dispute, learn more about the support we can offer you by emailing Chang Legal at contactus@changlegal.com or by calling 847-907-497.

The information contained in this Website is provided for informational purposes only, and should not be construed as legal advice on any subject matter. The transmission of the Website, in part or in whole, and/or any communication with us via Internet e-mail through this site does not constitute or create an attorney-client relationship between us and any recipients.

How To Promptly Close A Lease

Posted by David Chang on September 17, 2019 with 0 Comment

As people grow up, they are more than likely not going to stay in the same house their whole life. When an individual rents a house or apartment, they typically do not stay their whole life. Despite the fact that renting is a temporary aspect, some people want to get out of their lease earlier than expected, whether it is the tenant or landlord. Chang Legal is here to help you understand how you can get out of a lease earlier than expected.

Fixed Term Lease (1 Year)

Fixed term leases are generally one year long and both sides must agree to stay true to the lease the entire term. However, there are some exceptions to this lease such as a tenant violating the regulations of the lease, which gives the landlord the right to end the term early. On the other hand, if a landlord fails to meet the terms in the lease, such as not being able to provide livable conditions, then a tenant may end the lease legally.

Monthly Lease (30 Days)

A monthly rental agreement is a bit more straightforward than a fixed term lease, a tenant or landlord has the ability to be in a notice of leaving 30 days in advance, which means a tenant would still have to pay for the extra month they are spending in the rental.

Contact Your Real Estate Agent

Dealing with ending a residential lease can draw up some complications, this is why it is essential to speak with your real estate agent to see what can be done in your situation. Consulting with Chang Legal will benefit you and your situation, since we have been practicing real estate law for over 15 years.

For further information or to learn more about how we can support you, contact Chang Legal today. support you, contact Chang Legal today.

The Many Differences Between Owning And Renting A Property

Posted by David Chang on September 7, 2018 with 0 Comment

Are you looking to rent a property, but are still pondering the question if owning a property will save you money? There are benefits to both of these, however, which one is the most suitable for you? Our professional team at Chang Legal is here to guide you through determine if owning or renting a property is the best for you.

Owning a Property

There are many things that come with owning a property, most of them can be expensive. If you are a young individual who is going to college, then purchasing a property is most likely not the best decision for you. However, if you are prepared with the funds to own a property, then it may be better than renting out. Here are some of the advantages that come with owning a property:

Lease For Income – Overtime you may want to add an extra source of income, this can be done by renting out your property to others. For instance, if you are on a business trip and won’t be back for a couple of weeks, then renting out your property will give you an extra source of income when you are away.

Your Own Boundaries – With owning a home, you will not have to follow all of the extra regulations the landlord enforces. This means you have the freedom to do what you want with your property such as painting the walls any color of your choice or having a pet.

Sense Of Belonging – If you purchase a home, you are going to be staying there for awhile. As time goes on, you will begin to build a sense of belonging to the community and neighborhood you are residing in.

Renting A Property

On the other hand, renting out a property may be more beneficial for your situation. Generally, if you are not looking to reside anywhere for a long period of time, then renting is a perfect opportunity for you. Here are some of the advantages that come with renting a property:

Do Not Have To Pay Maintenance/Repair Expenses – With renting a property, you will not have to worry about paying maintenance and repair expenses. For instance, if the water softener breaks, you will not have to pay for the repair which can be costly.

Relocating – If you are a student or a worker that is moving around the nation frequently, than renting is a suitable option for you. You can rent properties accordingly to your schedule for school or your next business trip, making life easier and more affordable.

Utilities Included – When you are a tenant of a property, there will be utilities included for you to use apart of the monthly expense of renting. This usually includes kitchen appliances, laundry, and basic toiletries.

Now that we have discussed both sides of the decision, which one is more suitable for you? If you have any more questions or concerns about what path you should take for your future, contact our highly experienced real estate attorney at Chang Legal today.

The Pros and Cons Of Buying Real Estate For Your Business

Posted by David Chang on August 3, 2018 with 0 Comment

Are you a business owner that is wanting to expand your business by purchasing land? We here at Chang Legal are here to provide you the pros and cons of buying real estate for your company.

Positives To Purchasing Land For Your Business

– You will no longer have to pay out-of-pocket for renting or leasing a property.
– You will have to pay a lower amount in order to own the real estate for your business.
– Can be sold at a higher price than purchase, which will give you profit.
– You have the ability to rent out the commercial space to others when you are not utilizing the space, creating even more money for your business.
– No longer have to abide by the landlord’s rules and regulations. You have control with what you want inside your commercial space for your company.

Negatives To Purchasing Land For Your Business

– You will not be able to make major changes depending on the size and location of your business.
– If you want to expand your business, you most likely will have to move locations, which is a long process when you already bought the land.
– You are responsible for the maintenance, janitorial work, security, and resources of the property.

It may be a wrong move if you purchase land for your business when it is not necessary. For instance, if your business is looking to grow and expand farther, it is not a wise idea to purchase a small commercial space in a nearby city. Owning land is not for every business, it is smart to consider the options available before you consider buying land for your company. Consult with a real estate attorney, like us at Chang Legal, to guide you in making this decision.

To learn more about how we can support you in deciding purchasing land for your business or other real estate topics, contact Chang Legal today.

The Five Most Common Real Estate Terms

Posted by David Chang on April 16, 2018 with 0 Comment

Legal real estate deals can be hard to follow, especially if you do not have any background in the law. Knowing the process of legal real estate transactions may not make any sense to the average person, this is why Change Legal is here to help you better understand the most common real estate terms and how they are relevant with your specific real estate deal.

Comparables

Comparables can be generalized to be a property that is similar in size, condition, and other relevant features to the real estate property you may be purchasing. This gives your real estate attorney and you a better idea of the general price of a property similar to yours.

Closing

Closing is the end of a real estate transaction, particularly where the former property owners give the keys to the buyers.

Closing Cost

The closing cost is the expense the buyer is required to pay in relation to their loan for the real estate deal.

Foreclosure

Foreclosure is the process where a lender or the bank can take over the title of a property if the owner can no longer afford the expenses of the homes. This does not occur after one missed period, but is nearly impossible to stop once initiated.

Mortgage

The mortgage is a formal agreement between the lender and new home owner on the set amount of money the owner will pay over a certain period of time. For example, a homeowner may pay 2,000 dollars every month for 10 years.

To learn more about the five most common real estate terms or to get support with your real estate issue, contact Change Legal today.