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Real Estate Law Archives

What to know before renting

When Louisiana residents decide to rent a house, they may sometimes be so excited about moving into a new home that they may not always consider the fine details. There are a few things people should usually make sure they do when they rent a property.

Do you want to rent your house to vacationers?

In Louisiana, home rental services are becoming more and more popular. With these services, people like you are able to rent out property that you own to other tenants for a limited amount of time, usually for vacationing purposes. But do you know what the regulating laws are regarding these services?

Important details provided by a title report

Whether you are a first-time home buyer or a veteran of the real estate market, you should know the importance of reviewing a title report carefully before you proceed with a purchase. The legal verbiage often included in a title report may be a bit daunting but it can be learned and the details provided in this report may help you feel more confident about buying the property or it may make you realize this particular property is not right for you.

What do you need to know about disclosure in a home sale?

Whether you are the one buying or selling a home, you understand that most homes are not in pristine condition when the title changes hands. You may have gone to a great deal of effort getting the house as ready as possible for the sale, but it is not uncommon for some flaws to be present. In fact, this is to be expected. It may help you and other Louisiana residents to understand the requirements regarding the disclosure of known defects in a home before the sale.

What can a homeowners association regulate?

If you are considering the purchase of a Louisiana condominium, townhouse or home, check to see if it is located in a common interest development with a homeowners association. If so, make sure you understand the HOA’s governing structure, its rules and regulations regarding the community’s homes or units, and the annual dues and monthly fees it charges individual homeowners before making your buying decision.

What are some red flags when buying a home?

Buying a home is one of the biggest events in your life and possibly the biggest investment you and your family will make. Whether you are considering the purchase of a Louisiana home as your primary residence or a vacation home, you can save yourself a lot of heartache, not to mention costly repairs, by thoroughly inspecting any home before you commit to buying it.

What is a commercial lease?

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.

The importance of title insurance

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.

Easements and preliminary title reports

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.

Lundy Lundy Soileau & South, LLP

Main Office: 501 Broad Street Lake Charles, LA 70601 | Phone: 337-439-0707

Mailing Address: PO Box 3010 Lake Charles, LA 70602 | Fax: 337.439.1029