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Real Estate

Saturday, February 23, 2019

Common Real Estate Contract Mistakes

Mistakes in real estate contracts can cause major headaches for buyers and sellers alike. One way to avoid such mistakes is to hire an experienced Connecticut real estate attorney to assist you with your real estate transactions. With an experienced real estate attorney by your side, you greatly increase your chances of avoiding the following common real estate contract mistakes:

Incomplete sections - Every blank space on a real estate contract must be completed.
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Friday, January 25, 2019

Can I Terminate My Real Estate Contract and Keep My Deposit?

It’s not uncommon for a buyer to back out of a real estate contract. However, breaking a contract can have negative consequences, including the loss of one’s deposit. Luckily, though, there are circumstances under which a buyer may break a real estate contract and keep his or her deposit. If you are considering breaking a real estate contract in Connecticut, below are two standard contractual contingencies that may allow you to keep your deposit.   

Mortgage date contingency 

Most real estate purchase contracts contain a date by which the buyer may secure a mortgage commitment.
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Saturday, December 22, 2018

Common Commercial Real Estate Purchasing Mistakes

Due to the complexity of commercial real estate transactions, purchasers often make mistakes during the process. Fortunately, however, many of these mistakes are easily avoidable, particularly with the assistance of an experienced Connecticut real estate attorney. Below is a list of common real estate purchasing mistakes to avoid.

  • Failing to check local codes and regulations – Buyers of commercial property often make improvements to fit the needs of a particular business. However, during this process, buyers sometimes discover that a piece of property is not compliant with existing laws.
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Sunday, November 11, 2018

Common Real Estate Closing Mistakes

Closing is the last step in the homebuying process. And while this can be an exciting time, there are several pitfalls to avoid during closing, any of which can delay or even prevent your purchase. Ensure that your purchase goes off without a hitch by avoiding the following common closing mistakes.

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Saturday, October 13, 2018

What Happens When a Tenant Breaches a Commercial Lease?

In Connecticut, it is not uncommon for tenants to breach their commercial leases. When this happens, commercial landlords have the following options:

  1. Terminate the tenant’s lease, start eviction proceedings, and file a lawsuit to recover damages; or
  2. File a lawsuit to enforce the terms of the lease.

Below is an overview of how each of these two options function in Connecticut.

Lease termination, eviction, and lawsuit

When a commercial landlord decides to take the first of the two options described above, he or she must bring two separate lawsuits: an eviction lawsuit and a lawsuit for damages. Following possession of the property, it may then be rented to a new tenant. In the lawsuit for damages, commercial landlords typically seek unpaid past rent and future rent for the balance of the lease term. However, the availability of damages for future rent often depends on whether the commercial landlord has attempted to secure a new tenant and, when a new tenant has been found, the amount of rent that the new tenant is paying.

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Friday, September 7, 2018

How to Choose a Real Estate Attorney in Connecticut

Whether you’re selling or purchasing residential or commercial real estate, it’s always a good idea to seek the guidance of an experienced...

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Wednesday, August 8, 2018

Five Common Buyer and Seller Real Estate Disputes

While many real estate transactions progress relatively smoothly, disputes occasionally arise between buyers and sellers. Fortunately, these disputes are often predictable, and an experienced Connecticut real estate attorney is typically able to assist in the resolution of such issues. Below is an overview of the most common buyer and seller real estate disputes in Connecticut.

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Friday, July 6, 2018

Connecticut Real Estate Closing Tips

Closing is the final step in a real estate transaction, and it typically occurs at a location, time, and date agreed upon by the buyer and seller. At closing, paperwork is signed and the keys to the property are transferred from the seller to the buyer. Below are some things to keep in mind before attending a

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Wednesday, June 6, 2018

Connecticut Foreclosure Alternatives

Foreclosure is a process by which a lender takes steps to recover the balance of a loan through the forced sale of the asset securing the loan. However, there are several alternatives to foreclosure that those behind on their mortgage payments may want to explore, including:

Short Sale

A short sale is a sale of real estate in which the proceeds fall short of the debts owed. This means that the holder of a mortgage, typically a bank, agrees to accept less than the total amount owed in order to reclaim at least a portion of the money owed.

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Monday, May 21, 2018

Easement Law in Connecticut

An easement is a right to cross or use someone else's land for a specified purpose. Once an easement has been granted, the landowner may not interfere with the grantee's use of the easement. Below is an overview of Connecticut easement law.

Easement creation

Easements can be created by contract, deed, or other written agreement. Easements created in this manner are called “express easements.

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Monday, April 16, 2018

An Overview of Landlord-Tenant Issues in Connecticut

Connecticut has a number of laws in place that govern landlord and tenant issues. Therefore, it is important that both landlords and tenants understand their legal obligations prior to entering into a contractual relationship. Below is an overview of some of the major issues that landlords and tenants in Connecticut should review with an attorney prior to signing a lease.

  1. Disclosures – Connecticut law requires landlords to disclose a variety of information to tenants, including the identity of anyone authorized to act on behalf of the landlord.

  2. Security Deposit Requirements –Connecticut has strict laws in place addressing the issue of security deposits, including the amount that landlords may charge for such deposits and when they must be returned.

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