Real estate law refers to the body of laws and regulations that govern the purchase, sale, ownership, and use of property, including land and buildings. This area of law covers a broad range of topics, from property rights and zoning regulations to landlord-tenant disputes and foreclosure proceedings.
Common Areas of Real Estate Law in Illinois
Real estate law covers many nuanced and specific matters, but most of these matters fall under three main areas of the law: (1) property ownership; (2) zoning and land use; and (3) landlord-tenant relationships.
Property Ownership
One of the key aspects of real estate law is property ownership. In the United States, property ownership is typically based on a system of deeds and titles, which provide evidence of ownership and transfer of property from one party to another. Real estate law also governs the rights and responsibilities of property owners, including:
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The right to use and enjoy their property
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The obligation to pay property taxes
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The duty to maintain the property in a safe and habitable condition
Zoning and Land Use Regulations
Another important area of real estate law is zoning and land use regulations. These regulations are put in place by local governments to ensure that land is used in a manner consistent with the community's goals and objectives.
Zoning laws can dictate what types of buildings can be constructed on a particular piece of property, as well as how the property can be used, such as for residential, commercial, or industrial purposes.
Landlord-Tenant Relationships
Real estate law also includes rules and regulations governing landlord-tenant relationships. These laws outline the rights and responsibilities of both landlords and tenants, including but not limited to:
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The requirement to provide safe and habitable housing
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The obligation to pay rent on time
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The procedures for eviction and lease termination
Contact a Real Estate Lawyer in Cook County Today
Many different areas of real estate require legal expertise. Whether it's drafting or reviewing an agreement or helping a client purchase or selling property, we can be your guide in every step of the process. Contact Skalnik Legal Services today at (312) 698-3595.