Real Estate Contracts
Why Do I Need A Lawyer? Isn't a Realtor Enough?
Huge sums of money may be tied up in real estate contracts, such as a purchase agreement or other contracts to buy a home or piece of property. In fact, for the average American it is the most amount of money in a single transaction that they will ever enter into. It is essential that you have a lawyer review contracts before you sign them to ensure that you fully understand what you are signing. If you do not understand and sign anyway, you may be obligated to follow through on the terms of the contract that you would not have agreed to in the first place.
In Arizona, to obtain a real estate license a person merely needs a GED. There is no specialized instruction given on contract writing and negotiating. In all reality, most realtors would be unable to answer specific questions about the contract and would even shy away from writing a special addendum to get you what you want out of your agreement simply because they are unfamiliar with drafting contracts outside of the "fill-in-the-blank" real estate purchase agreement. Relying solely on the knowledge of a realtor can be dicey to say the least.
We handle all types of real estate contract matters, such as:
- Buy/sell agreements
- Purchase agreements
- Lease agreements (residential and commercial)
- For sale by owner (FSBO) contracts
A large portion of our real estate contracts practice is devoted to handling the review, drafting and negotiation of lease agreements. We work on behalf of landlords, individual tenants and business tenants in a variety of capacities to ensure that our client's best interests are being upheld by the lease agreement that is at issue.
If you are a business tenant entering into a commercial lease agreement, it is especially important that you have an attorney on your side to review the agreement. The monthly amount you pay may seem small, and advantageous for you. However, upon further review, it may be discovered that the total amount over the course of the lease is a large figure and not in your business' best interests. Beware of CAM charges. Additionally, our attorneys can draft language into the lease agreement even when there is a standard contract and the Landlord leads you to believe it is a "take-it or leave it" contract. Knowing your options is half the battle. Also being familiar with the real estate market can give you great bargaining power during your negotiations. Our attorneys are knowledgeable about both contracts and real estate.
Contact our office or call 602-277-4441 to schedule an appointment to discuss your real estate contract concerns with an experienced Arizona real estate attorney or contract lawyer at Platt & Westby, P.C.