Real estate law encompasses much more than the simple purchase, sale, or rental of a property. In reality, there are numerous components to this area of law, including a variety of state and federal rules and regulations.
In basic terms, real estate law regulates the creation, transmission, modification, acquisition, or elimination of rights over certain properties. All this is based on the specific federal or state laws that apply in the case.
Additionally, property and real estate laws include:
- The protection of housing from landlords.
- The relationship between landlords and tenants.
- Other matters related to the home or residence.
Property and real estate laws also include zoning regulations, determining what types of structures can be built in a given location. For example, if you are near a place that may suffer from a flood, the builder must follow some guidelines.
Here are some important laws:
Property Protection Laws:
Texas Housing Protection Law allows elderly or disabled people threatened with foreclosure or eviction to remain in their homes. However, this depends on some requirements that must be met.
Adverse Possession Law:
This law allows people who live in a property in a situation of abandonment and obtain the property title of that place. Specific requirements such as a situation of abandonment and a minimum amount of years must be met for a valid process.
Lease and rental contract laws:
As Texas law governs relationships between tenants and landlords, they must be contractually formed through rental or lease agreements. This contract must include valuable information about security deposit limits, and prohibition of discrimination, among other things.
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