Real Estate Law – Young Law, PLLC

The Basics of a Partition of Real Estate Lawsuit in Virginia | Ryan C. Young | Richmond, Virginia Attorney

August 6, 2018October 10, 2019 Ryan C. Young, Esq.

Partition Suit in Virginia | Richmond, Virginia Attorney Unfortunately, there are instances in which people become co-owners of real estate with other family members whom they do not necessarily get along with. Examples would include inheriting the property through death or after the end of a relationship in which both parties owned the home together. In these instances, one... Read More

Basics of a Partition Suit for Real Estate in Virginia | Ryan C. Young | Estate Litigation Attorney, Richmond, Virginia

January 30, 2017October 10, 2019 Ryan C. Young, Esq.

Who may file a partition suit for real estate in Virginia? Va. Code § 8.01-81 lists the following people who are able to file a partition action in Virginia: tenants in common, joint tenants, executors with the power to sell, and coparceners of real property. Essentially, anyone with a vested ownership interest in real estate may file suit to compel... Read More

Who pays attorney’s legal fees in a Virginia real estate partition suit? | Ryan C. Young | Richmond, Virginia Attorney

September 7, 2016October 10, 2019 Ryan C. Young, Esq.

In the USA, the general rule is that parties generally pay their own attorney’s fees in litigation. Of course, there are exceptions to this “American Rule”. One exception is where a statute allows a recovery of attorney’s fees. There is such a statute in Virginia in relation to partition suits. Virginia has a statute regarding payment of attorney’s fees in... Read More

Suit for Partition of Real Estate | Ryan C. Young | Richmond, Virginia Partition of Real Estate Attorney

March 14, 2016October 10, 2019 Ryan C. Young, Esq.

Basics of a Partition Suit in Virginia What is a Suit for Partition of Real Estate? Chances are, if you are asking this question, you are in the middle of a dispute over some real estate with a co-owner or owners. Partition of Real Estate is required when two or more owners cannot agree on what to do with a... Read More

Exclusivity Clause in a Commercial Lease | Ryan C. Young | Richmond, Virginia Attorney

June 6, 2013October 10, 2019 Ryan C. Young, Esq.

What is an exclusivity clause in a commercial lease? Sometimes these are referred to as an exclusive use clause. Exclusivity clauses are much more common when leasing a commercial space in a shopping center. Why is exclusive use important to define in a commercial lease? The exclusivity clause largely protects the tenant signing the lease and ensures that the shopping center... Read More

Why do real estate owners have to sue for partition? | Ryan C. Young | Attorney | Richmond, Virginia

December 10, 2012October 10, 2019 Ryan C. Young, Esq.

Partition of Real Estate in Virginia Ryan C. Young | Richmond Attorney When dealing with real estate, there are many issues to consider. One of those is the securing of a Virginia attorney to sue for a partition of real estate. There are several reasons why people have to sue in this manner. These involve several different circumstances, including divorce, an investment property, and inheritance issues. Additionally,... Read More

Five Tips for Leasing Commercial Space | Ryan C. Young | Commercial Lease | Richmond, Virginia Attorney

November 26, 2012October 10, 2019 Ryan C. Young, Esq.

Negotiating a Commercial Lease in Virginia Ryan C. Young | Richmond, Virginia Attorney Although the economy is recovering slowly there are still excellent opportunities for small businesses that want to lease commercial space. The number one most important thing for a business to do is to have the lease reviewed by an experienced commercial lease attorney. A Virginia attorney familiar... Read More

Tax Implications of Gifting Real Estate to Family Members | Ryan C. Young | Richmond, Virginia | Real Estate Attorney

July 16, 2012October 10, 2019 Ryan C. Young, Esq.

Are you aware of the IRS national hunt for gift tax evaders? A generous gift of real estate is a primary target. Recently the IRS asked federal court to order a California tax agency to deliver its computer records for all residents who transferred real estate to their relatives for under-market consideration from 2005 to 2010. As every real... Read More

Forms of Holding Title to Real Estate | Ryan C. Young | Richmond, Virginia Real Estate Attorney

July 2, 2012October 10, 2019 Ryan C. Young, Esq.

Forms of Real Estate Ownership Joint Tenancy With this kind of estate, the co-owners have what is referred to as a ‘right of survivorship.’ This means that if one of the owners dies, the surviving owner(s) will receive the deceased owner’s interest in said property by operation of law, thus avoiding probate. The deceased owner’s property will not be inherited... Read More

Mistakes Small Businesses Make when entering into a Commercial Lease | Ryan C. Young | Virginia Commercial Lease Lawyer

June 18, 2012October 10, 2019 Ryan C. Young, Esq.

Commercial Lease Attorney Business owners are well aware that in this tenant-friendly economic climate, there are some great deals out there. Even so, no matter the economy, the combination of emotion, inexperience and a rigid landlord is a recipe for disaster. Entering into a commercial lease, should not be taken lightly. Thus, it is essential that you obtain an experienced... Read More

Category: Real Estate Law