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406-422-4522

PASSAMANI & LETANG PLLC

Real Estate Transactions

Real estate transactions involve significant financial and legal commitments, whether you’re buying, selling, or transferring property. From drafting and reviewing purchase agreements to resolving title issues and ensuring a smooth closing, every step requires attention to detail and a clear understanding of the law. Our firm represents individuals, businesses, and investors in residential and commercial real estate matters, helping to prevent costly mistakes and protect your interests throughout the process. With our guidance, you can move forward with confidence knowing your transaction is handled thoroughly and correctly.

  • Deed – Transfers ownership of real property from one party to another.
  • Purchase and Sale Agreement – A binding contract outlining the terms and conditions of a real estate transaction.
  • Promissory Note – A written promise to repay a specified loan amount under agreed terms.
  • Mortgage or Deed of Trust – Secures a loan with the real estate property as collateral.
  • Lease Agreement – Details the terms under which a property is rented to a tenant.
  • Assignment of Lease – Transfers a lease from the current tenant to a new tenant.
  • Easement Agreement – Grants a party the right to use a portion of another’s property for a specific purpose.
  • Real Estate Option Contract – Gives a buyer the exclusive right to purchase property within a certain time frame.
  • Affidavit of Title – A sworn statement by the seller confirming legal ownership and disclosing any known title issues.
  • Closing Disclosure – Lists all final closing costs and financial details of the transaction.
  • Settlement Statement (HUD-1) – Itemizes all charges and credits to buyer and seller in a real estate transaction (commonly used in cash or commercial deals).
  • Title Opinion Letter – An attorney’s written opinion on the status of the property’s title.
  • Covenants, Conditions & Restrictions (CC&Rs) – Rules governing use and development of property in a subdivision or development.
  • Warranty Deed – A deed in which the seller guarantees clear title to the buyer.
  • Quitclaim Deed – Transfers whatever interest the grantor has in the property, with no warranties.
  • Real Property Disclosure Statement – A seller’s disclosure of known defects or issues with the property.
  • Power of Attorney for Real Estate Transactions – Authorizes someone to act on behalf of another in a real estate matter.
  • Subordination Agreement – Establishes the priority of liens or mortgages on a property.
  • Mechanic’s Lien Waiver – Releases or waives a contractor’s right to file a lien for unpaid work or materials.
  • Memorandum of Contract – A short document recorded in public records to indicate an existing contract on the property without disclosing full terms.