When you own a property portfolio, you can often entrust its management to a good, specialised professional. It can be particularly advantageous to choose a practising lawyer with experience in property and asset management, whether involving residential properties or commercial premises. Ideally, the lawyer should also be a registered estate agent (API).
Managing rental properties or homeowners’ associations involves making decisions.
This is no simple task and requires a high level of expertise and responsibility.
A lawyer is a professional who knows and has studied the law and can advise property owners and homeowners’ associations clearly and accurately on how to deal with different situations that may arise, as well as pursue claims both out of court and through legal proceedings. Another advantage is that this can help reduce costs, while ensuring better value for specific legal services.
A lawyer also has the expertise to prepare and submit tax returns, settlements and appeals to the Tax Agency and local councils. It is essential to have a thorough understanding of public administration and how administrative procedures work, as well as the options available for obtaining grants to fund renovation works. In addition, a lawyer can act as an effective mediator to help resolve disputes.