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| Real Estate Investing -- Tread Carefully Investing in real estate has increased in popularity in recent years. Many real investing programs, plans and seminars are available. As attorneys, we often see how inexperienced real estate owners can create unintended problems and disputes. We assist both seasoned and first-time investors understand and address the potential risks and legal pitfalls associated with real estate. Addressing Landlord Risks -- Practices, Insurance, and Structure Landlords face considerable risk from tenants and visitors of tenants. You first line of defense is adopting careful business practices--keeping your property in safe condition is vital. Another line of defense is proper liability insurance. As attorneys, we assist real estate investors with the formation and proper operation of a legal entity (such as a limited liability company or LLC) that will own the property. Such an entity can protect the landlord's personal assets from claims by tenants and from other risks arising from the property. For many decades, seasoned real estate investors have used entities to compartmentalize risk. For more information about the entire range of our real estate related services, click here. |
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The material on this web site is for general information only and does not contain a full legal analysis of the matters presented. It should not be construed or relied upon as legal advice or legal opinion on any specific facts or circumstances. The viewing of this web site and the material contained herein does not create an attorney-client relationship with this Law Firm. Gregg K. Stepan is admitted to practice law in Utah and the District of Columbia. Christopher F. Lewis, Isaac D. Paxman, and Richard N. Barnes are admitted to practice law in Utah. |