Rochford Resources Blog

The Title and Title Insurance for Purchasing Your Home

A notable overlap of responsibilities for both the title company and the closing attorney is to secure a clean title to your property. The title is crucial for all buyers as it gives you a legal right to the house that you've purchased.

An easement is a common term you will encounter when discussing the commercial property. It affects both the buyer and the owner equally and is a complex system of legalities designed to protect landowners. There are varying degrees of easements available but are often hard to understand. Because most people will be affected by an easement, we've compiled all the necessary information to help you identify what you are up against.

Buying a commercial property is a complex process. Your entire business operation hinges on your ability to obtain a good deal, and the most crucial aspect of achieving this goal is understanding the contract tied to the sale. For first-time buyers, there are a lot of unfamiliar terms riddled throughout the document. So, we've put together some of the most common terms found in a purchase agreement that every buyer should know to complete a successful transaction.

Renting a commercial property is a big responsibility for your business. The size, location, and monthly lease could determine the success or failure of your enterprise. A commercial lease is prepared by the landlord and designed to protect and favor them, so it's important to understand the underlying terms before you sign.

Rochford Law & Real Estate Title, a long-standing member of the Nashville legal community, has released a new resource for investors and developers to help them better understand and navigate the complexities of the commercial real estate closing process.

A “Like-Kind Exchange,” also known as a 1031 Exchange or a Starker Exchange, allows investors to defer paying capital gains taxes on investment properties when they are sold, as long as another “like-kind” property is purchased with the profits of the sale. Congress enacted the like-kind exchange statue nearly 100 years ago, in 1921, to help investors avoid unfair taxation of ongoing investments in property and to encourage active reinvestment (Federation of Exchange Accommodators).

A first glance, real estate law might seem like a very specific niche in the legal world. Well, it shouldn’t take much exploration to begin to understand just how much is encompassed by the term “real estate law.” Indeed, real estate law is a world unto itself, and one that often must be extended to include adjacent areas of practice. Indeed, real estate lawyers are forced to wear many hats!

Today we’ll be talking about one such instance of real estate law overlapping with other fields of practice. We often handle matters that blur lines between different areas of law, and the following matter is a perfect example of this.

Buying and selling property and building a robust real estate portfolio can be an exciting experience for both parties, especially when profit, or gain, is part of the equation. Gain happens when property appreciates in value or when the seller takes advantage of depreciation deductions for tax purposes. In either case, it’s important to understand tax ramifications of your real estate transactions and how to make the most of your investment dollars. A 1031 Exchange may be a great option for maximizing your investment and getting the most out of your next commercial real estate investment.