A bullet-point list of problematic issues that can arise during the course of construction transactions is decidedly lengthy. Construction principals are many and diverse (ranging from buyers and sellers to lenders, contractors, architects and more). Projects typically face time constraints. Contracts are complex and lengthy. And money is understandably a key concern.
For readers of our Denver real estate legal blog who might be unfamiliar with the acronyms in the above post headline, we'll quickly spell them out: homeowners association covenants, conditions and restrictions.
Many prospective buyers of Colorado residential or commercial property might underestimate the importance of thoroughly vetting title-linked issues prior to a closing, being understandably focused on many additional matters.
Many sellers and purchasers of Colorado properties are likely well acquainted with earnest money and its purpose in a residential real estate transaction.
We noted in our immediately preceding blog post that easements "are prevalent in real estate transactions in Colorado and nationally" and can be materially important to contracting parties.
Let's talk about easements.
If you have decided to rent a property, you know that a strong economy and fewer homes on the market mean that demand is high and supply is low. That means it's more likely you will face rent increases in the near future.
Most people think they know where their front and back yards begin and end. Most people think they know who is allowed to enter and exit their property lawfully. The problem is, they might not be correct if they haven't had a surveyor professionally survey their property.
A commercial lease dispute could have a serious impact on the profitability of your business. Whether you're the property owner or manager, or the commercial tenant, it is important to avoid costly disputes by conducting thorough planning and due diligence prior to executing a commercial lease.
Buying a new home is a wonderful luxury. Everything in the residence will be brand new, so you won't have to worry about maintenance and repairs for a long time. Also, depending on the contract, you can usually get the contractor to fix any unexpected problems that arise free of charge.