Colorado Springs Real Estate Attorneys & Lawyers
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- Contract for Deed in Texas: Everything You Need to Know
- Lien Release and Waiver
- Lease a Place for Business: Everything You Need to Know
- Commercial Real Estate Contract Provisions
- Suit for Specific Performance of Contract
- Mechanic's Lien
- Rent Increase Letter
- Crimes Against Property - Criminal Law Crime Classifications
- Trespass to Land - Tort Law Basics
- Equity Securities - Financial Investment Basics
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Colorado Springs Real Estate Lawyers
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Legal Services Offered by Our On-Demand Colorado Springs Real Estate Attorneys
The Colorado Springs real estate attorneys & lawyers on UpCounsel help represent landlords, property management companies, condominium associations, and tenants on any issue relating to real estate purchases, leasing, rent increases or decreases, habitability issues, condo conversions, code violations, owner move-in situations, and more.
They also provide client service across residential and commercial real estate disputes ranging from specific performance of a purchase agreement to land use or zoning issues and construction defect litigation. Real estate agents are generally prohibited from attempting to provide legal counsel or to serve as your legal representative in any manner. Therefore, during the course of a property deal you (as the seller or the buyer) should have your interests represented by an experienced Colorado Springs real estate lawyer.
You should absolutely hire a real estate attorney before you sign any paperwork. If you have already started the process and did not understand every detail of the sales contract then you should hire an experienced real estate attorney found on UpCounsel. Especially if something in your contract doesn’t make sense or seems out of the ordinary. The smallest oversight or clause could end up costing you big time.
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- 6 min read
What Are Closing Conditions?
A closing condition is a requirement each party involved must satisfy between the first acquisition agreement and the closing date. As such, most purchases are not completed (i.e., they do not "close") when everyone signs the Purchase Agreement. There are still some tasks left to do before finalizing the purchase. These tasks are called closing conditions.
Closing conditions are found in sale and Purchase Agreements. They state the conditions both the buyer and seller must meet. There can also be joint conditions.
Most people who have purchased a home are familiar with closing conditions. For instance, one closing condition might be that the seller agrees to fix the house's broken window before the buyer can close. It's the same concept in business acquisitions.
Closing conditions c
- 4 min read
Updated October 28, 2020:
Indemnification: What is it?
Indemnification means one party agrees to pay losses incurred by another to a third party.
For example, if you were a business owner selling Widget XYZ as an original design to a retailer, and your contract with the retailer contains an indemnity clause, you, rather than the retailer, would be responsible to pay the retailer’s legal costs and expenses if the retailer is sued by a third party who claims Widget XYZ is a copy of their product.
In most cases, the requ