Real Estate:

• Construction Laws: Constructing any kind of real estate building or property is a project that can cost millions of dollars. Construction laws regulate the construction of real estate properties and also include the contracts and agreements between the owners and the builder of the property. Under these laws, a builder is not bound by his estimate to complete a project; as an estimate is considered just that – an approximate figure and not a final one.

• Zoning and Land Use: Land use laws control the way land may be used and developed for real estate. Zoning is a type of land use regulation. Zoning requirements are laid down by municipal corporations so that they can regulate the development of real estate in their jurisdiction. Different areas and municipalities may have different zoning rules but typically these rules are made to separate residential, commercial, and industrial zones from one another. The real estate developments within each zone are also according to the zoning of that district. So typically a residential zone may have only residential property whereas a commercial zone can have recreational and commercial establishments.

• Landlords and Tenants: Real estate laws also govern the relationship of landlords and their tenants. Issues such as tenant rights, landlord rights and duties, fair housing, lease agreements, repairs and maintenance, eviction, security deposits, and lease termination are all discussed under real estate laws. Non-compliance of any duties on the part of either the landlord or the tenant can result in one taking legal action against the other.

• Homeowners: Under the real estate laws, a homeowner is given many rights in regards to his property as the right to a home is considered almost as important as the right to freedom in the U.S. A homeowner has the right to do pretty much whatever he wants with his property so long as it is not illegal. He can sell his property, give it away, maintain it, neglect it, or even raze it to the ground if he so desires. The property can be rented or leased also. However, along with these rights, a homeowner has certain responsibilities such as obeying zoning regulations, granting easements, not conducting illegal activities, and respecting the privacy and comfort of the neighbors. If anyone damages any person’s property, then the homeowner can recover compensation by bringing legal charges against that person.

• Building Codes: Real estate laws lay down certain building codes which have to be followed while constructing property or making any renovations to existing property. These codes are developed to ensure proper quality in construction and so as to increase the safety of inhabitants of the properties. Details regarding plumbing, electrical wiring, size and height of the buildings, number of floors and rooms, area and floor space etc are specified in the building codes.

There are a host of other things that are detailed in real estate laws. If you are in the real estate business or are a landlord or homeowner, then it is to your advantage to find out all that you can from the real estate laws so that you can enjoy your property to its fullest.

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