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Real Estate Law Definition
Real estate law often comes down to legal advice on the sale or purchase of real estate properties.
However, the scope of this law field, also referred to as real estate business law in Germany, actually extends much further. It also encompasses the development, purchase, management and utilization of real property. Think in terms of property appraisal, financing and tax matters, as well as supervisory and regulatory matters, including public issues related to the approval of real estate objects and the preparation thereof as well as changes in the use of existing properties, such as reclassification from commercial to residential property. Real estate business law is treated separately from "private construction law," which comprises, among others, architectural and brokerage law and even service contract law.
At its core, real estate business law deals with the legal aspects of
Given the complexity of this law field, attorneys
specializing in real estate law should be able to offer a wide range of
qualifications as well as industry expertise and in-depth business knowledge.
That’s because their work not only involves core real estate law matters but
also matters from other law fields that may be closely related in terms of
general real estate. In particular, comprehensive consulting services for, say,
project developers, building contractors and real estate companies require the
kind of legal competence that far extends basic real estate law. For example,
in the project development business, it’s not uncommon for lawyers to fulfill,
manage, and coordinate functions for various participating parties, which is
when management qualifications come in handy, to say the least. Another asset
any real estate lawyer should have at his or her disposal is a network of
equally qualified lawyers to turn to in any matters that may be out of his or
her league. Then there the really complex real estate law matters, in which it
is recommended to have legal teams to perform all tasks necessary to
successfully wrap up a case for any client facing a narrow time-frame.
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![Dirk Brückner was awarded 2021 "Lawyer of the Year" in Foundation.Models.Operations.Elasticsearch.BestLawyers.PracticeArea](/Logos/LotY/2021/T/Award.png "Dirk Brückner was awarded 2021 "Lawyer of the Year" in Foundation.Models.Operations.Elasticsearch.BestLawyers.PracticeArea")
