subject: Commercial & Residential Real Estate Law – Here & Abroad [print this page] Real Estate Law Real Estate Law
Real estate is the term used within the legal industry, which encompasses the land premises and any immovable developments that are undertaken on those premises, such as buildings, walls fences etc. There are several legal codes and regulations under real estate law which is in relation to what jurisdiction the land premises falls under.
Residential real estate Residences can be classified if they are connected to neighboring residences and/or land premises. The legal agreement for the right to occupy land or property is known as housing tenure. Different types of housing tenure can be used for the same substantial type. An example would a connected residence which belongs to a single entity and leased out; or owned separately with a contract covering the relationship between units and common areas and concerns.
Commercial real estate real estate has become a major area for business real estate Otherwise known as commercial real estate with the new private property ownership developments being put into place. The commercial real estate lawyers have evolved significantly over time. Especially with companies who invest in land premises, are looking to develop their land as there are several specific legal characteristics which define each property.
International real estate law
International real estate law is a somewhat a new area of law. It began in the 1980's when globalization was being realized by the world's larger companies. International real estate law can be split into two categories:
International residential real estate Usually international residential transactions occur when individuals purchase a second house apartment unit etc abroad. They are used primarily for second homes for holiday's vacations etc. These have gone up drastically in recent years due to the increase in the travel and tourism market as well as the growth of international investment programs and the availability of overseas investment.
International commercial real estate Corporations are the main type of clients which law firms see in these transactions. They usually involve legal design, urban planning, engineering, financing, and construction work. Legal proceedings which are international are usually supported by those foreign governments. Many national governments have aims to attract foreign investment, as well as real estate developments which can increase country revenue and the availability of national infrastructure.
International real estate is seen as one of the most dynamic areas of law. However, it is very much influenced by external factors such as fluctuating market values in sectors between countries. Also it doesn't help that we are facing a global economic crisis.
Commercial & Residential Real Estate Law Here & Abroad
