If you are a Louisiana entrepreneur starting a new business, you probably want to lease the property where your new company will do business rather than going to the expense of purchasing that property. You may have had experience with residential leases in the past, but if this is your first experience with entering into a commercial lease, there are several things you need to know.
Most people in Louisiana long for and plan for the day they can buy their first home. Owning real estate is one of the most important rights and freedoms America has to offer. Property ownership not only enhances self esteem, but also provides a permanent place for a family to live, grow and thrive.
When you are buying a piece of real estate in Louisiana, you should carefully evaluate and review any potential easements that may exist on the property. Even if you have bought and sold other properties in the past, you will want to know about some of the pitfalls of relying on preliminary title reports for all of the documentation and information related to an easement.
Real estate owners in Louisiana may someday have use for an easement. There are many different situations that easements may apply to, but what exactly are they? How do they impact real estate or land owners like you, and how can you use them to your advantage?
Louisiana residents like yourself may need a little help when it comes to dealing with real estate law, which can be complex and full of terms that don't come up in any other situation. We at Lundy, Lundy, Soileau & South, LLP., work to bring clarity to the situation, defining potentially complex terms and providing insight where needed.
There are many reasons you could want to make a major purchase about the same time you buy a home. Perhaps most obvious, you see a piece of art or furniture that would look perfect in the home you want. In other cases, you may have also been saving for a new car, or decide to get a car if your home purchase expense is lower than you expected.
A home is supposed to be a person's castle, but for many in Louisiana living in homeowners' associations or other managed properties or communities, home is a place regulated by a long list of regulations. Adding a new fence or a unique mailbox could put a homeowner at risk of ending up on the wrong end of a dispute with the association.
A bill in the Louisiana senate is trying to ban affordable housing mandates in real estate developments. According to The Times-Picayune, rising rents in new Orleans lead to a city ordinance for “inclusionary zoning” that would require 12 percent of condos or apartments to sell or rent for lower than market rate. This bill, which was approved by the Senate, will prevent that city ordinance from taking effect for fear that it will halt development.
For those looking to buy a home in St. Charles, one of the main advantages of ownership that they likely hope to enjoy is the freedom to do what they want with their property. While most may understand that zoning laws and city ordinances mean that home modifications must be within reason, many new homebuyers still likely believe they have full control over landscaping as well as interior and exterior design decisions. However, that may not be true in some cases.
Your home may be the biggest investment you ever make. If you are looking for your dream home, you could stay there forever and end up paying principal and interest for up to 30 years. When you apply for a loan, your credit score can directly affect your ability to borrow the money you need, and it may increase the interest rate you pay each month, increasing the actual price of your house by hundreds of thousands of dollars.