Real Estate Law
Our real estate law expertise compliments the firm’s other major practice areas and provides experienced representation in all matters related to real property. From the sale, purchase or financing of a personal residence to the acquisition, permitting, construction and leasing of a commercial real estate project, real property affects many personal and business decisions. We are ready to guide you through this process in a timely and efficient manner. Whether you are a landlord or tenant, a buyer or seller, a lender or borrower, or a developer, we strive to provide the finest quality legal representation to all our clients.
The firm’s founder, Peter J. Babos, has specialized primarily in real estate law since becoming an attorney. This developed from his roots as a real estate broker since 1981. He has worked in residential and commercial real estate sales, in addition to working with developers and builders of condominium and new home developments. He has also worked in the field of both residential and commercial real estate finance. He still owns and operates an independent real estate brokerage and investment firm known as Park Place Properties.
Buying or selling any real estate investment is an exciting and challenging event. It is often one of the biggest financial investments any person or family can make. We want to make sure every document and every detail is in order, and you fully understand what you are signing. We will explain the documents to you, including what your obligations are, and what can happen if you default on those obligations. You need an experienced real estate lawyer to make sure any tax liens have been satisfied, that the title is clear and that all the paperwork is in order. You want to walk away from any real estate transaction with a confident sense that everything was done right, and there is no legal consequence or exposure. We counsel our clients to assure that all possible problems and issues are addressed, and then satisfied.
Our expertise in real estate law consists not only in providing legal assistance in the renting, purchase, and sale of residential, commercial and industrial real estate, but also in providing advice and documentation in the following real estate related areas:
Mortgage and Deed of Trust Financing
Foreclosure (judicial and non-judicial)
Writs and Receivership
Legal Ownership and Title Insurance
Nuisance and Easements
Zoning and Land Use
Condemnation (eminent domain and other forms of government taking)
Construction and Development
Common Interest Communities
Our firm can help you with:
From offer to sale, the Inland Empire Law Center handles all aspects of buying and selling real estate and construction on property so that you can feel confident about a smooth and precise transaction.
In furtherance of your real estate transaction, IELC can:
Real estate litigation requires substantial knowledge of California property laws and civil litigation, as well as a dynamic courtroom presence. Mr. Babos possesses this knowledge necessary to successfully litigate your real estate disputes.
Some disputes are better solved outside of the courtroom. Attorney Peter Babos can guide negotiations to best protect your interests. By retaining an experienced mediator to strategize the contract negotiation process, you can often prevent disputes from arising at a later stage in the real estate transaction, and so save time, money and frustration.
Our business law practice consists of providing our clients with the formalities and legal structure designed for their particular business area. It includes comprehensive contract analysis and drafting, and creating the legal foundation for starting your business or bringing your business into compliance.
Our legal expertise includes advice and counseling in the following areas, among others:
Business organization (formation and organization of general partnerships,
Limited partnerships, limited liability partnerships, limited liability companies, corporations, professional corporations, non-profit corporations, and franchises) * Business financing * Business planning * Sale and purchase of business * Strategic alliance (ranging from joint ventures, partnerships, mergers, and acquisitions to agreements relating to manufacturing, importing, exporting, supply, and distribution) * Directors and officers liability * UCC sales and leases * Creating and perfecting security interest in personal property * Enforcing security interest in personal property * Writs and receivership * Debt collection
Which Type of Business is Right for You?
One of the most important and frequently overlooked decisions that must be made before you even begin putting your idea into reality is how to structure your new business. Most people assume a new business should be formed as a corporation because structuring a business in that fashion will limit the personal liability of the “owners” for the obligations of the corporation.
Even though a properly maintained corporation will generally insulate its shareholders from personal liability, organizing your new business as a corporation may not necessarily be your best choice. As will be explained below, other business organizations, such as a limited liability company, in addition to providing limited liability, also offer a number of distinct advantages not available to corporations. That is why it is essential the owners ask themselves what the objectives of the business are before forming their business entity. Typically, the major factors that should be considered are:
- the ease of formation;
- the number of owners;
- the style of management and control of the entity;
- the authority of owners and management to bind the entity;
- liability of the owners for the obligations of the business;
- transferability of the owners’ interest in the business;
- the ability to raise capital;
- tax considerations; and
- Dissolution of the business.
Similarly situated businesses may very well have different objectives. For example, while one business entity may wish to avoid personal liability for the liabilities of the company, another business may be more concerned with its treatment for taxation purposes. In short, the goals of the prospective entity should dictate the organization of that business. Most business entities are structured as sole proprietorships, corporations, general partnerships, limited partnerships, limited liability partnerships (only available for attorneys and accountants in California), or limited liability companies.