With the recent outbreak of the novel coronavirus (COVID-19) in the United States, all Americans are forced to wonder how this pandemic will affect their lives going forward. It’s hard to imagine any aspect of life that won’t be affected by this global tragedy.
Landlords, tenants, and real estate investors in particular are already facing many difficult questions. How will this crisis affect your contracts? What are your options? Does the coronavirus excuse your performance, or will you be forced to pay damages in the event you cannot perform? What will happen to your residential and commercial leases?
For many people, buying or selling a house is one of the most significant transactions of their life, and it stands to reason that you’d want to turn to a professional rather than navigating the process on your own. If you’re purchasing a new home or considering selling your house, your first inclination might be to enlist the help of a real estate agent. But while buying and selling agents can be a good option, you may be surprised to learn that a real estate attorney might actually be the best option.
You may have heard the statement, “we don’t get paid unless you do.” This statement refers to an arrangement between an attorney and client, in which a percentage of the final judgment or settlement is paid to the attorney. That is to say, there are no out of pocket expenses to the client. (more…)
“Michael drafted the lease that we will use for our commercial building. He had great communication, was readily available to answer any questions we had, and was very professional. He wrote us a lease that fit our need and I will definitely work with The Farah Law Firm again in the future."
Texas real estate investors who have formed a traditional LLC should consider upgrading to a Texas series LLC. In short, a series LLC is one of the best ways to protect your assets, but there are many reasons why it is likely in your best interest to form or switch to one. And a real estate attorney can help you navigate the process... Read More »
When you’re buying a property, you might — justifiably — feel like you’re in limbo while it’s under contract. There are many “what if” possibilities that, while unlikely, you still need to consider. In light of the recent winter storm in Texas, which wreaked havoc on thousands of properties across the... Read More »
The residential real estate closing process can be confusing for a homebuyer, property developer, or investor. A real estate closing involves finalizing a property sale, which includes signing documentation to trigger the property transfer. The process takes place during an already stressful time and can be susceptible to possible setbacks. The... Read More »
For many people, owning property — particularly your own home — is a major part of the proverbial “American Dream.” In the past, only the very wealthy were able to become landowners. But today, home and property ownership are possible for more people than ever. And because of the nature of property ownership, and the fact... Read More »