Property Lawyer Singapore
Property law covers various forms of ownership and tenancy in real property. Property conveyancing, in particular, is the act of transferring the legal title of a piece of property from one party to another. A property lawyer is often involved in these transactions.
What can a property lawyer do for you?
- Protect your rights as a buyer or seller
A property lawyer will look out for you in case problems arise during or after the transaction.
What if the house you purchased suddenly has a leaking roof? Or you find some missing tiles in a condo after you already paid the deposit? If you are selling a commercial property, you definitely should consider hiring a property lawyer to ensure that your rights are protected.
- Verify your legal documents
No one expects you to understand legal jargon. Even some lawyers delegate the job of reviewing documents to associates. It is important to get someone who is experienced with real estate contracts to make sure that everything is accurate, fair, and in order.
The amount of paperwork in a property transaction is comprehensive – purchase agreements, offer letters, mortgage documents, and IRAS submissions are just some of the files that need reviewing.
- Do liaison work
A property lawyer is expected to do all the administrative work from the time you make an offer to when you are ready to collect the keys to your new property. Writing and sending letters, calculating payments, determining property taxes and fees, liaising with bankers, and making phone calls to everyone involved are all part of the services a property attorney would render to clients.
- Monitor construction and financing
If you are purchasing a home or building that is still being built, you need a property lawyer to monitor the progress of the construction. He or she will hold on to your documents and remind you when to pay your next instalment.