Real Estate Development
There are many legal documents involved in creating a new residential or business development. From extensive market research, purchasing raw land, infrastructure planning and design, obtaining necessary community approval, following the regulations of the Department of Management Services, clearing environmental issues, financing, building; to leasing and ultimately selling the developed land. Dealing with architects, city planners, engineers, surveyors, inspectors, contractors and leasing agents will start to pile up the paperwork and things could be overlooked in the fine print. Make sure to protect yourself by hiring legal counsel that can reassure the documents are consistent with the understanding of the developer.
On the other side, when purchasing a pre-developed property, there are a lot of things that can happen during the process. There are time discrepancies, loss of deposit money, decline in property or unit value during construction, poor workmanship and the builder's reservation of rights to create easements on your property. Protect yourself by hiring a real estate lawyer to discuss your legal rights and remedies in the event there is a breach of contract on behalf of the builder.