Frequently Asked Questions about Construction, Real Estate, and Business Law
Insights from Our Los Angeles Attorney
At the Law Office of Steven R. Lovett, we are here to assist with the legal aspects of your situation and help you pursue the results that you need for your venture. We have been serving the residents and business owners of Los Angeles, California for a number of years, and you can look to us for the assistance that you require.
Refer to the following information to obtain some basic answers to the questions that you may have or contact our Los Angeles lawyer to discuss your specific situation.
What is a surety bond?
When you are paying a contractor during a construction project, a surety bond is a contract designed to guarantee the satisfactory completion of the project by the contractor. If you believe that the contractor has violated the terms of your surety bond, then you may be able to take legal action to correct the issue with the help of a Los Angeles construction attorney.
What is a construction defect that can support a lawsuit?
Sadly, there are many cases in which a construction project does not yield a reliable building, and a lawsuit is the only means by which to have the issue fixed or to obtain recompense for the building. The success of your case will likely depend on the value of the damage and the severity of the defect. Some common examples of construction defects include faulty wiring, plumbing issues, leaks, unstable foundations, and other structural defects.
Real Estate Law
Why do I need an attorney when buying / selling my home?
While you may be able to successfully close with a real estate agency, it is important to have an attorney on your side as buying a home could be one of the biggest purchases of your life and you need to ensure that you are not begin taken advantage of in the process. Selling a home is an equally substantial transaction. A lawyer can help you make sure that any contract you enter into will not come back to haunt you in the future.
I bought a home and discovered repairs that needed to be made. Is there
anything I can do?
In many cases, a real estate agency may give or offer you a home warranty in order to cover certain costs of repairs that may need to be made. If you have not obtained a warranty, then it is important to consult a Los Angeles real estate attorney in order to discuss your case to see what can be done about your situation.
Is a written contract always necessary?
In accordance with the law, contracts are not required except for in specific circumstances, such as the sale of real estate or selling goods valued at over $500.00. However, contracts are an important tool in protecting your best interests. A contract prevents a later denial, extends the statute of limitations, and can entitle a victorious party the right to reimbursement for their attorney's fees, in the event of a lawsuit. In the absence of fraud, contracts are legally binding documents outlining intention and agreement.
A dispute is disrupting my business. How can I resolve it?
While a legal remedy will depend on your specific situation, there are a range of available options for resolving business disputes. Partnerships may be dissolved or a partner may be held liable in court for a breach of fiduciary duty; shareholders may elect to dissolve a corporation, or they may sue to do so; and LLCs may face the same dissolution as partnerships. Litigation may be required, though some disputes may be resolved during mediation or arbitration.
Facing a Construction, Business, or Real Estate Issue?
At the Law Office of Steven R. Lovett, we understand the difficulties associated with the situation that you face, and you can be sure that we will stand by you and work with you to pursue the results that you need if you choose to work with us. We have been practicing since 1978, so we know the law and construction and real estate processes well. We know how to approach your case to help you achieve the results that you need.
Contact our firm today to discuss your situation. Our Los Angeles real estate attorney is prepared to help with your case.