Knowing Your Personal Property Rights Makes Life A Lot Easier


Los angeles real estate attorney

No matter where you are living, whether you own a home or are renting a place, you have legal rights regarding your personal property. Many people who rent their homes don’t realize what the law has to say about what landlords can and cannot do within the bounds of a lease agreement. Finding a lawyer who can advise you on your personal property rights might be the best time you ever spend when it comes to having some peace of mind about where you are living.

As an example, if you live in California and are renting a place, your landlord has to give you at least 60 days notice to vacate the property if you have been living there for more than one year. Many tenants do not know this law and end up being bullied by their landlord into moving before the 60 days has expired. Knowing this simply stipulation in the law’s eviction process can help a tenant find another place to live and have ample time to pack and make moving arrangements.

Homeowners might also find themselves in a similar situation even though they own their property. In the last 10 years, there has been a significant problem with homeowners losing their properties because of the foreclosure process. In 2013 alone, one home in every 96 reported at least one foreclosure filing. That is roughly one percent of homes filing for repossession in 2013.

On average, it is estimated that one out of every 200 homes will be foreclosed upon. If you find yourself in a situation where foreclosure seems imminent, consult a lawyer so that you can be made fully aware of all of the proper notices you must receive and the opportunities you have to make payments before the foreclosure becomes completely final. You have many more personal property rights than you might be aware of.

Personal property rights are significant when you are renting and owning a property but they are also prevalent when the discussion turns to purchasing a property. Things like home inspections, stipulations in what is included in the purchase contract, and time frames regarding closing all are items in a list of personal property rights that you definitely want to consult a lawyer about. A quality real estate lawyer can lead you through the murky waters of the home buying process.

Many people feel that they can take care of the business of buying a home without using a real estate agent or lawyer. The truth is, leaving a real estate lawyer out of the picture when buying your home can end up costing you a great deal more than what it would cost to retain an expert attorney.

Home rental, home ownership, and everything involved in making a residence in America are not always as easy as you might think. Find an expert and ,ake sure your personal property rights are secure.

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