Category: Real Estate

Why is a deposit so necessary to a purchase and sale agreement?

Several times clients that are purchasing real estate have asked, “Do I really need to give a deposit?” The parties say “This is a friendly transaction, is it really necessary to give the seller a deposit when entering into a purchase and sale agreement?  There are actually several good reasons for requiring a deposit with …

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Residential Landlords: Beware the Untested Lease Template

Landlords of commercial properties have a great deal of freedom in drafting their lease agreements.  Residential landlords do not have the same degree of latitude.  Maine, like other states, has enacted a number of laws designed to protect residential tenants from certain practices and arrangements that the legislature has determined to be unfair or abusive.   …

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What Sellers of Real Estate in Maine Need to Know About Warranty Deeds

There are several types of deeds used to convey real estate in Maine, all of which can have significantly different consequences for the buyer and seller should a problem with the seller’s title to the property later come to light.  In particular, sellers of property should understand the risks associated with warranty deeds. By giving …

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Conservation Easements

You are a landowner with a parcel of land that you do not want to see developed, what do you do to protect it?  You might protect the land by putting restrictions in the deed when the property is sold.  However, what if you don’t want to sell the property, but would like to protect …

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New Maine Firearms Law Poses Challenges for Landlords of Subsidized Housing

On April 5, 2016, Governor Paul LePage signed into law “An Act to Ensure Nondiscrimination Against Gun Owners in Certain Federally Subsidized Housing.”  The bill, which takes effect this summer, ninety days after the adjournment of the 127th Legislature, prohibits most landlords who participate in federal housing subsidy programs from restricting the possession or use …

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Conservation Easements – Considerations for a Landowner

  Conservation easements are a tool often used in Maine to protect open or undeveloped land. Conservation easements are employed to protect such attributes as wildlife habitat, scenic vistas, historic features, outdoor recreation, and traditional uses such as timber harvesting and agriculture.  In the forests and farmlands of Maine conservation easements can be a very …

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