YAHNIAN PROPERTY LAW
The Real Property Law Attorney/CPA/CFP® Advantage℠
“The lawyer is one of the critical elements in any business. He is a full-fledged team member, and many times he captains the team. Hence, he must be well qualified….One good lawyer is worth a dozen bad ones; a good lawyer is one of the most important and critical players on your … team…”
–Mancuso’s Small Business Basics by Joseph R. Mancuso, a publication of Small Business Sourcebooks
“There is no ‘one-size-fits-all’ real estate transaction. Each situation is different. Unfortunately, many people don’t realize that online legal services and generalist or mill attorneys, are for the most part, one size fits all, or worse, ignorant of the nuances and subtleties of real property planning and transactions. They are often not aware of and are not sophisticated enough to design a transaction that not only covers all the legal issues, and considers the financial, business and accounting aspects, but the need for specifically designed provision of services to save taxes or protect the owner. Only an experienced real estate attorney knows the difference and how to design, prepare, implement and operate an effective, comprehensive real estate transaction or provide real estate law representation appropriate for a given client.” STEVE YAHNIAN, Attorney/CPA, Yahnian Law Corporation
Real estate attorneys help their clients understand contracts and other legal documents. They also prepare documents such as sale, lease and other agreements. They deal with zoning issues and mortgages, negotiate on behalf of the parties they represent, oversee the transfer of deeds and titles and verify whether a commercial or residential property has a lien, a restrictive covenant or another legal issue. YAHNIAN LAW CORPORATION does all of that and more. We also review, analyze, plan for and apply tax law as it applies to real estate transactions. We work with realtors, title companies, and our clients’ CPAs and other tax advisors with the goal of maximizing favorable results for our clients.
YAHNIAN LAW CORPORATION has represented a substantial number of persons and entities in the sale and purchase of real property, leases, and other real property matters, including commercial buildings, residential, and vacant land acquired by developers. This includes Sellers and Buyers and Landlords and Tenants.
As an Attorney and a CPA, with a CFP®, an LLM in Taxation (NYU), MS in Taxation* (UCLA) and a Certificate in Taxation (UCLA), and further, as a California State Bar Certified Specialist in Taxation, Steve Yahnian is particularly suited for and experienced in the taxation aspects of real property transactions. In particular, Mr. Yahnian specializes in IRC 1031 tax free exchanges of real property.
*Equivalent (UCLA extension program)
What does a Real Property Lawyer Do?
Often, a real estate attorney in actively involved at closing of sale and purchase of real property.
A real estate attorney will represent your interests at closing. They will review all paperwork in advance and advise on any problems or omissions with the documentation.
A real estate attorney prepares or reviews all of the documents that are signed at the closing of a real estate purchase.
The attorney is then present at the closing to represent the buyer’s (or the seller’s) interests.
Why Have YAHNIAN LAW CORPORATION Review Your Contracts?
We have negotiated and prepared large numbers of real property sale and purchase agreement, leases and others. By preparing a complete, comprehensive agreement between a buyer and seller, or landlord and tenant, or providing a thorough real estate contract review, YAHNIAN LAW CORPORATION will work with you and your realtor, if you have one, to make sure your interests and legal rights are protected. We can also clarify and explain any questions the buyer or seller has about their responsibilities in the contract. This is crucial to avert confusion, misunderstanding, and possible unintended legal action if a contractual obligation isn’t upheld or structured as intended. We also review contract contingencies and make suggestions for others that may apply in a given situation. We review title reports and clouds on title in order to protect the buyer clients we have. We can also verify that the contract contains and addresses:
- The identity of the parties involved;
- Full identification of the property;
- The purchase price or leasing of the property;
- Any necessary contingencies; and
Real estate law encompasses the purchase and sale of real property, meaning land and any structures on it. It also covers legal issues related to anything attached to the property or structures, such as appliances and fixtures.
Lawyers who specialize in real estate ensure that proper procedures are followed during the acquisition or sale of property. They also may be concerned with how a property is zoned for usage. Real estate law covers deeds, property taxes, estate planning, zoning, and titles.
A real estate attorney is equipped to prepare and review documents relating to purchase agreements, mortgage documents, title documents, and transfer documents.
In the case of a real estate dispute, such as chain of title, lot line problems, or other issues involving contracts, the attorney will discover, review and make it his aim to resolve the problem.
A real estate attorney may also provide legal representation for either a buyer or a seller when a dispute winds up in a courtroom. The real estate attorney obtains facts from both sides of the dispute and tries to bring them to a resolution. This may mean hiring a surveyor or title company to work through the details.
Like any lawyer, a real estate lawyer has earned a law degree, which typically takes three years of study for a full-time student. They have also passed the state bar exam administered by the state in which they practice. Training for real estate law may begin with elective courses and internships during law school, and may continue afterward with a certification in real estate law.
It’s up to you whether you want to hire an attorney. It may depend on your confidence in your own knowledge of the ins and outs of real estate law. Hiring one is certainly worth considering if you’re trying to navigate a particularly murky or complex situation like a foreclosure or a short sale.
We provide business and legal advice for all interested parties in the real estate industry, including:
- Capital providers
- Pension funds
- Opportunity funds
- Traditional lenders
- Alternative lenders
- Public private partnerships
- Easement Grantees
For these clients, we assist with virtually all facets of real estate, including purchase and sale, financing, joint venture, master limited partnership, LLCS, Corporations, public-private-partnership, space leasing, air-rights leasing, ground leasing, entitlement and development, property management, operations, workouts, litigation and dispute resolution. The property types include office, multifamily, retail (malls and shopping centers), hospitality, educational, industrial, religious, mining and raw land among others.