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Real Estate Lawyer Belgrade, MT

Real Estate Lawyer Belgrade, MT

Real Estate Lawyer Belgrade Montana

So, you have found the perfect property to place on the STR (short-term rental) marketplace. Now you’re seeking an experienced real estate lawyer Belgrade, Montana, residents trust for sound advice. Whether you have a vacation home to rent out when you’re not using it or have a duplex and want to rent out one of the units for rental income purposes, there are legal pitfalls you should be aware of. If you intend to list your property on VRBO or Airbnb or some other short-term rental service, you must consider several potential obstacles under Montana law. A knowledgeable and experienced real estate attorney can help guide you through the pitfalls and hurdles surrounding the short-term rental marketplace.

First, your property may be subject to homeowner or condominium restrictions, which prevent you from renting your property short-term. These restrictions will be listed in the “covenants” or “declaration” of your homeowner or condominium association documents. If your neighbors (or a nosy association president) become aware that you are renting your property in violation of the covenants, you could be subject to a fine (or worse, an injunction preventing you from doing so in the future). If you have owned your Belgrade Montana real estate for some time, one thing to keep in mind is Senate Bill 200, signed by the Governor into law in Montana in 2019. This law effectively makes any property covenants passed after your property’s purchase inapplicable as to your specific property. The knowledgeable attorneys at Silverman Law Office can help you record a proper document in your county’s property records, which establishes that the new restrictions do not apply to your specific property.

Another potential pitfall is the zoning requirements of the city/county in which your property is located. An experienced real estate lawyer in Belgrade, Montana, will be familiar with all local regulations and can help guide you through the process. Some counties, such as Jefferson County, require that you go through a conditional permitting process, which can be onerous, to say the least. Other cities/counties are even more restrictive. Bozeman addressed the issue in 2017 and now requires that each short-term rental (“STR”) maintain a current registration with the City of Bozeman. There is an annual $250 registration fee and a one-time fire inspection fee. Depending on the exact location, there may also be a $1,508 fee for an administrative conditional use permit. There are additional regulations that concern maximum capacity and similar issues.

Montana law has not yet modernized its short-term rental laws like some of its neighboring states. However, if you are thinking about placing your property for rent on the short-term rental marketplace, a real estate lawyer Belgrade, MT residents recommend, can assist you through all the steps. The real estate lawyers at Silverman Law Office can help make sure your short-term rental property complies with every level from the homeowner’s association to the city and county. Once you have the peace of mind that your rental property is in compliance, you can sit back and enjoy your rental income revenue stream! Contact us today!

Frequently Asked Real Estate Law Questions

Whether you are in the market to buy or sell a commercial or residential property, you may require the guidance and assistance provided by a real estate lawyer Belgrade, MT residents rely on. We know that there can be a lot riding on business dealings that involve real estate transactions, which is why a real estate lawyer will play an essential role. At Silverman Law Office, PLC, we know that you will be facing several questions when managing real estate transactions. We want to not only answer those questions but help you put your best foot forward.  

Why would I need to call upon a real estate lawyer for help?

When buying or selling real estate, chances are it’s in your best interest to work with a lawyer when making such a significant transaction. Whether you are a buyer or seller of either commercial or residential real estate, there can be a lot riding on this business dealing. While you might not always require a lawyer, it’s certainly recommended to ensure a smooth process. While you may have a realtor guiding you through the real estate process in some cases, they cannot provide you with all of the legal counsel that you need. A lawyer can help ensure that the real estate transaction you are dealing with runs as smoothly as possible. Whether you are the buyer or seller, a lawyer can review contracts, ensure your rights are protected, and not enter into a transaction that is not in your best interest. 

What are the common real estate issues that could arise?

While some situations may be standard, others may require a Belgrade, MT real estate lawyer who can assist you in the complications that might arise. We can share first hand that no real estate transaction is one and the same. Common issues that you may be facing include:

  • Disagreement of price
  • Mortgage contingencies
  • Negotiations surrounding contract terms
  • Managing issues surrounding titles and liens
  • Contract disputes
  • Problems with real estate agents

Is it expensive to work with a real estate lawyer?

Attorney fees can range depending upon the need. Some might charge a flat fee while others may bill by the hour. Despite the cost associated with a lawyer, it’s essential to be aware that depending upon your legal issues, the benefits can save you money in the long run. As a real estate lawyer might resolve problems and mitigate exorbitant costs that might result from complications, the upfront cost may work to your benefit. 

How should I go about finding a real estate lawyer?

You won’t want to choose just any lawyer to represent you. It’s vital that you carefully research the options in your area to ensure that you do not end up with a lawyer who is ill-equipped to provide you with guidance regarding real estate law. Do this by:

  • Asking people you know for recommendations
  • Conducting online research
  • Making sure they have experience in the area of law you require support in
  • Be proactive, waiting too long can be damaging

Silverman Law Office, PLC

We want to help you make your real estate dealings as straightforward and stress-free as possible. Whether you are purchasing or selling real estate or experiencing complications, Silverman Law Office, PLC, wants to assist you. To learn more about the services we provide, contact our Belgrade, Montana real estate lawyer as soon as possible. 

CONTACT US

Fill out the form below to get in touch with our legal team or call Bozeman office at (406) 582-8822 or our Helena office at (406) 449-4829 to talk to someone right away.