Articles Categorized as Real Estate

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Rental Property

With an improving economy people are again looking at buying rentals as another source of investment income.  Although I personally like the added control of owning and managing your own investment, there are some things to consider:

Get a security deposit.  It’s common to have some ne... continue reading »

Associations

Associations are a common way to own land in Lakes Country for a couple different reasons.  Probably the most common example is to address senior living arrangements where owners want to still own their own home but avoid lawn maintenance and other headaches of single family home ownership.  Th... continue reading »

Common Interest Communities in Minnesota

This article addresses issues from the standpoint of a prospective buyer, and it’s the first in a series of articles on Common Interest Communities (CICs), homeowners’ associations, and other aspects of planned developments. Our law firm has expertise in the laws governing CICs in Mi... continue reading »

Real Estate Leases

What comes to mind when we think of a lease agreement is often that first apartment we rented after high school or college. The first lease that I signed was a lengthy document on legal-sized paper with single-spaced paragraphs in small font. It contained words such as ‘term’, ‘security dep... continue reading »

Problems with Title Insurance

Most buyers simply order title insurance from whatever company is recommended by their realtor or banker.  They then pay for this insurance at closing without any understanding or explanation of what the insurance covers or more importantly, doesn’t cover.

Our firm owns both Quality and... continue reading »

Where Are Your Boundaries?

Many parcels in North Country are described by metes and bounds.  That means that your land is not part of a subdivision and, as a result, your legal description is often a very long description of calls that trace your boundaries and then relate to government section pins.  These descriptions ... continue reading »

Do You Have Legal Access to Your Cabin?

Most people assume that if their road has a road sign or shows up on the city map they live on a public road.  Or, at least if the road has been there for years, no one would question their access rights.  Unfortunately, lending standards have changed over the years and you or your potential bu... continue reading »

What is a Partition Lawsuit?

Unfortunately some of you will find out someday… Under Minnesota law, if there are multiple owners of real estate, any single owner may unilaterally start a partition action to force the sale of land.  This is a very lengthy and expensive process as the Court must appoint referees who first va... continue reading »

Gifting

With the Christmas season it seems like a good time to talk about legal consequences of gifting.  Of course I’m referring to gifting from an estate planning perspective.  With the possible major changes coming in estate tax law, the estate tax implications may change but many other issues wil... continue reading »