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Real Estate Law

RNN LAW > Real Estate Law

The Benefits of Enhanced Life Estate Deeds in Texas

Are you a homeowner in Texas looking to protect your property and ensure its smooth transfer to your heirs? Enhanced Life Estate Deeds, also known as Lady Bird Deeds, could be the solution you've been searching for. As an attorney specializing in estate planning, I'm here to demystify this powerful tool and explain how it can benefit you and your loved ones. What is an Enhanced Life Estate Deed? An Enhanced Life Estate Deed is a legal instrument used in estate planning that allows property owners to retain control over their real estate during their lifetime while also providing for its automatic...

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New HOA Landscaping Laws Explained

Your home is not just a place to live; it's an investment in your future and a reflection of your lifestyle. As an attorney who handles homeowner association (HOA) law, I understand the importance of maintaining and enhancing your property's value while navigating the intricate legal landscape of community living. In this article, I'll shed light on recent legislative changes impacting HOA landscaping in Texas, empowering you to make informed decisions to maximize your home's appeal. Understanding Your Rights: As a homeowner within an HOA-governed community, you have certain rights and responsibilities, including adherence to landscaping guidelines set forth by the...

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Understanding Transfer on Death Deeds: A Comprehensive Guide for Texas Residents

Are you a Texas resident looking for efficient estate planning tools to secure your assets and protect your loved ones' future? If so, you may have heard about Transfer on Death Deeds (TODDs) but might not fully understand how they work and how they could benefit you. In this guide, we'll delve into the specifics of TODDs and why they could be a valuable addition to your estate planning strategy. What Are Transfer on Death Deeds? Transfer on Death Deeds, also known as beneficiary deeds, are legal documents that allow property owners to designate beneficiaries who will inherit their real estate upon...

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Empowering Your Future: Understanding Durable Power of Attorney in Texas

Introduction: In the vast landscape of estate planning, one crucial document that residents of Texas should be well-acquainted with is the Durable Power of Attorney (DPOA). This legal instrument empowers individuals to make important financial decisions on your behalf, offering peace of mind and security in times of need. In this SEO blog post, we'll delve into the specifics of a Durable Power of Attorney in the state of Texas, highlighting its significance, key elements, and how it can be a cornerstone in your comprehensive estate plan. What is a Durable Power of Attorney? A Durable Power of Attorney is a legal...

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Navigating Legal Partitions in Texas: Your Comprehensive Guide

Introduction: Legal partitions in Texas play a crucial role in property ownership, division, and rights. Understanding the intricacies of these partitions is vital for property owners, investors, and anyone involved in real estate transactions in the Texas. In this comprehensive guide, we'll delve into the legal aspects of partitions in Texas, offering insights and guidance to navigate this often complex terrain. Defining Legal Partitions in Texas: Legal partitions refer to the division or separation of real property among co-owners. This can involve physically dividing the property or assigning specific rights and interests to each party. In Texas, legal partitions are governed...

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Opening a Business in Texas

Starting a business in Texas is a big step for anybody. Sometimes it is a decision to quit one’s job and embark on your own journey. Other times, your new venture started as a hobby that grew into a business. Whatever the case, there are certain Texas legal matters that should be considered. Texas business attorneys will usually advise that you need to open a business entity. The primary choices are a Texas limited liability company, Texas corporation, Texas S-corporation, or Texas limited partnerships. The choice will be dependent upon your business’s composition, business purpose, and business goals. They types of...

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Retail Real Estate Transactions

Retail real estate transactions are a subset of commercial real estate transactions. Like other types of commercial real estate transactions, a Texas real estate attorney can be a great asset in making the transaction run smoothly. Retail real estate transactions are unique, though, in the sense that the buyer will be inheriting existing tenants and their retail leases. It is incredibly important for the buyer to review all the leases. In analyzing the retail leases, it important to consider whether the lease is a gross lease or a net lease. A gross lease is a lease in which the landlord is responsible...

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Perils of Buying a Business

Buying a business is a big decision. It is also an adventure. It starts with finding a business that meets one’s requirements. Then, buyers should hire an attorney to draft an asset purchase agreement or stock purchase agreement that describes the rights and obligations of the buyer and seller, as well as, the applicable time tables for the sale. Many buyers do not understand the importance of the purchase agreement, but it is an essential part of the buying process. Similarly, many sellers do not understand the importance of a due diligence period. Due diligence periods are critical to the purchase...

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How Do I Make a Guest Leave in Texas

How does the law differentiate between tenants and guests in Frisco, Texas. That is a good question, and one that I receive from time-to-time. Unfortunately, there is no one real good answer. The best we can do is look at existing case law and what little the Texas Property Code says on the topic. Section 92.001 of the Texas Property Code defines a tenant as … “a person who is authorized by a lease to occupy a dwelling to the exclusion of others and, for the purposes of Subchapters D, E, and F, who is obligated under the lease to pay...

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A Glance at Commercial Leases in Texas

Office leases, restaurant leases, shopping center leases, single-use tenant leases, build-to-suit leases, industrial leases, and ground leases, among others, are common types of commercial leases used in Frisco, Texas. Even though they differ in the specific verbiage, each type of lease has some very common attributes. Possession and Term Possession is obviously the most important and common attribute, being the centerpiece of any type of lease. The term of the lease for possession of the premises is varies depending upon the type of lease. Usually, commercial leases have longer initial terms than residential leases. However, self-storage leases and some office-suite leases can...

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