Should I create an LLC for my rental properties? A question we commonly get asked not only from people who are starting their rental property investment portfolio but also from people who have been operating rental properties for years is whether or not they should create an LLC (limited liability company). As the name suggests,...Continue reading
When Sellers Conceal Defects Discovering defects in a newly purchased home can be a frustrating and costly experience for any buyer. In Ohio, buyers carry a significant responsibility to inspect the property thoroughly before finalizing the purchase, which can complicate matters if defects are later discovered. When faced with concealed defects,...
Should I Add Someone to My Deed? Deeds are the most frequently utilized real estate tool that is essential to every purchase and sale of real property. A Deed is a physical legal document, which transfers ownership of real property from one person or entity to another. A deed can also be utilized...
What is a Land Contract? A land contract is a form of seller financing for a real estate purchase. Similar to a lease, the buyer makes monthly payments to the seller to be credited toward the purchase price. Unlike a lease, the buyer is responsible for maintenance and repairs on the property....
Can I Get Out of My Real Estate Purchase Contract? By: Yonas & Phillabaum, LLC, Attorneys at Law Disclosure: This does not constitute legal advice nor an attorney-client relationship and is subject to current Ohio law. A real estate purchase contract constitutes a binding and enforceable agreement between the parties. This agreement...