The point is this: whoever sows sparingly will also reap sparingly, and whoever sows bountifully will also reap bountifully. 2 Corinthians 9:6.
your Real Estate Attorneys
Whether you are the buyer, seller, or owner of real estate, Dassau & Coleman are here to assist you in assessing your rights and responsibilities under the law. We are not just lawyers, but active property owners and managers ourselves. Thus, we have a full working knowledge of Louisiana real estate law, not just as lawyers, but as owners.
Real estate is often your largest personal investment. Handling a real estate transaction without proper professional advice from one of our attorneys puts not only your real estate investment at risk, but potentially your personal assets as well.
LANDLORD - TENANT LAW
Louisiana's landlord-tenant laws are amongst the most complex and detailed in the nation.
Many of the most effective investment strategies include holding real estate for some period of time to collect income and/or maximize growth and tax benefits. If your holding strategy includes renting to tenants, Louisiana's landlord-tenant law will play a big role in your efforts.
Louisiana's landlord-tenant laws are amongst the most complex and detailed in the nation. That's partly because, while all other states practice common law, Louisiana is the only state in our Union that practices the Civil Law System - an evolution of the Napoleonic Code. Don't place your investments at risk by trusting the one-size-fits-all forms. The attorneys of Dassau & Coleman are versed and experienced in Louisiana's landlord-tenant law and we are ready to protect your investments. We handle all matters of landlord-tenant law, including:
- Nonpayment Proceedings
- Post-Foreclosure Eviction Matters
- Ordinance violations
- Discrimination matters
- Squatters cases
- Termination Notices
- Notices to Cure
If you are a landlord - or tenant - and are involved in any of the above issues, then you should consult with a qualified Louisiana landlord-tenant attorney. The law of another state may not apply here. The generic forms available online or at the local business supply store may not address the special rules that are important to Louisiana's landlords and tenants. Don't find out when it's too late. Call Dassau & Coleman today to help you affirm your legal rights.
real estate disclosures and fraud
Many questions we receive about the purchase of real estate relate to disclosure of defects and/or fraud. The duty to disclose in a real estate transaction is broad and sweeping. There is a rule of thumb when it comes to a residential real estate disclosure: “If you have to ask if it should be disclosed, it should.” While a good starting point, the law is much more complicated than that. The items that must be disclosed can range from the obvious (water damage, electrical problems, pest infestation) to the less obvious (noise pollution, servitudes), to the surprising (existence of local ordinance regarding metal bars on windows).
If trying to determine what has to be disclosed isn’t difficult enough, trying to determine who has to disclose and what transactions are subject to and/or exempt from disclosure may be equally as complicated. There are additional issues over who has the obligation to disclose. In most instances, the seller has the affirmative duty to disclose, but the law also places certain obligations on the real estate agent, the real estate broker, and sometimes even the real estate appraiser.
Finally, there are issues of waivers, when waivers are rendered ineffective, and when the law of redhibition may undo a sale that was otherwise final.
If you were the purchaser, seller, or otherwise involved in the sale of real estate in Louisiana and there are concerns about disclosures, defects, or waivers, you should contact Dassau & Coleman for a consultation to see what your rights and liabilities may be in the transaction.
REAl estate investments
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Wealth is a decision. What you do with your current income may lead to wealth, a middle class lifestyle, or poverty. We will provide options for those who decide to seek a higher financial position in life. Real estate investments are a great option for those who choose to pursue wealth because, unlike most investments, a real estate investment may offer three avenues of returns.
- Income - A real estate investment may produce rental income.
- Growth - A real estate investment may increase in value over time. Even if it does not, the investors equity in a rented unit may increase as a result of a reduction in the mortgaged debts from the rents paid by the tenant - not the investor.
- Tax Savings - Some or all of the income from a real estate investment may be shielded from taxes because of depreciation and amortization. Under some circumstances, a real estate investment may be sold at a profit but reported as a loss to the Internal Revenue Service.
The lawyers of Dassau & Coleman will help you start or expand your investment portfolio from basic single family and small apartment investments to potentially higher return investments, such as tax certificates, adjudicated properties, and foreclosures. Although these investment options are a little more complicated, they also offer higher return potential.
Typical investment options include:
- Section 8 Housing
- Low Income Tax Credits
- Tax Liens
- Adjudicated Properties
Let us take the mystery and complication out of these investments so you can enjoy the higher returns!
REAL ESTATE TRANSFERS
Our attorneys are well versed in handling Louisiana real estate transfers, including partitions from successions or divorces. Besides the claims that can arise out of real estate transfers for a fee, there are many more issues that surround a simple real estate transfer between family and friends.
In particular, the title held by the transferor, the language in the deed, and the manner of title held by the transferee can have huge implications. Some problems may not come to light for years, and as such, speaking with us at the outset can prove to be very valuable.
Typical situations are the rights created under a quitclaim deed, (which is often mistakenly referred to as a quick claim deed), co-ownership rights of inherited property that has passed through multiple generations, and parties' rights under a real estate purchase contract. We also ready to handle questions related to co-ownership, rights-of-survivorship, deeds-in-lieu of foreclosure, and usufructs.
CONTACT YOUR REAL ESTATE LAW FIRM
For experienced legal representation and strong advocacy, call 225-532-3006.
Greater Baton Rouge Real Estate Attorney