One of the most important steps in buying real estate is making a purchase offer. The prospective buyer determines what they would willingly pay for the property and then submits paperwork to the seller. If the seller accepts and signs the offer, the buyer is legally...
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2 ways to enforce lease restrictions in commercial leases
Commercial leases demand a lot more than residential leases do from landlords. It is common for landlords to provide facilities ranging from parking lots and bathrooms to security services for their tenants. As a landlord leasing commercial properties, you may seek to...
3 times landlords can ask the Ohio courts to evict their tenants
Getting a new tenant into a rental unit can be a costly and time-consuming process. Landlords have to show the unit and then check the applications of prospective tenants. They may need to engage in deep cleaning or make repairs before a new tenant takes occupancy. It...
How should you divide commercial real estate with your partners?
If you have real estate holdings and have a partnership with others, you may be unsure of how you should divide those holdings. There are a few ways that you can do so. To decide how to divide your commercial real estate holdings, you first have to know the value of...
What type of business entity is best for a business dealing in real estate?
If you want to start a business dealing in real estate, you already know what your goals are and how you want to achieve them. But you also need to set your company up as an official entity so that you can start doing business productively and legally. Whether you’re...
What does a good commercial property lease look like?
If you’ll be investing in a commercial property, then it is important to know what a good commercial property lease looks like. If this is your first time creating a commercial lease, you may be surprised to see how different it is from a residential lease. With...
How a proper land use agreement protects your real property
It is easy to fall in love with a piece of land. Ohio has some beautiful landscapes, and owning a piece of that natural beauty can give you a sense of joy. You may even want to extend that joy to others. You could do so by protecting the property from development or...
What happens when a buyer or seller backs out of a real estate deal?
After all the trouble homebuyers and sellers go through to make a deal, it can be emotionally devastating to have the whole thing suddenly fall through. It does happen, however. Buyers may end up bowing out of the deal for any number of reasons, including marital...
New landlords, protect your rights with these suggestions
Property owners in Ohio can make a good income by renting or leasing homes in their communities. Those new to this business are often unprepared for the work it requires to be successful. Not knowing enough about the industry can also put your rights as a landlord at...
What terms protect you as a buyer considering a land contract?
Paying toward the purchase of a house is often a better use of your income than just paying rent. A land contract can be a great solution for someone who wants to buy a home but can't qualify for a traditional mortgage or doesn't want one right now. Most Ohio land...