Things You Need to Know About Reverse Mortgage

 Reverse Mortgages are perfect for you if you are in your ripe years and need some cash flowing. They are loans you take based on the value of your house or property. This could be a one-time loan or an evenly distributed monthly cash flow. You do not have to return it right away. It’s repaid when you move away or when you die and the property is sold. Although they sound very interesting, reverse mortgages are not for everyone.

Three Methods of Joint Ownership of Real Property

Joint Ownership is opted by many new couples and owners now. It is an easy way to distribute the ownership of your house, based on the amount of money invested by an individual. 

Before we begin on explaining how you can get the joint ownership of real property, there are a few things that you need to know anbour Joint Ownership of Property. 

What is Joint Ownership of Property?

There are three ways to go about owning a property. 

1. Individually
2. Joint names
3. Conrtact Rights

Ascertaining the ownership of the property will help you to know the rights towards the property in case of a death. If you choose to have joint ownership then it comes in three forms for the state of Florida. As one of the best real estate lawyer in Florida, it becomes our responsibility to let you know all about the methods of Joint Ownership of Real Property in Florida. 

Three Methods of Joint Ownership of Real Property

1. Joint Tenancy with Rights of Survivorship

Joint Tenancy with Rights of Survivorship (JTWROS) is generally used when there are two or more owners. The ownership of a single owner transfers to the other joint owners or surviving owners in case of death. The surviving owners will simply remove the name of the deceased owner. In order to remove the name, they have to provide a death certificate or draft a new deed altogether that indicates the death of the joint tenant.  

2. Tenants in Common

When you have joint ownership under Tenants in Common or TIC then the ownership is determined upon the contributions made by each owner. The contributions will determine the percentage of hold over a property. 

3. Tenants by Entirety 

This is a special kind of joint tenancy with rights of survivorship as it is signed between married couples. In some states, including Florida, this type of joint ownership is recognized between the married couples. This helps in avoiding probate and manage proper asset protection planning. 

Let the most preferred real estate attorney help you understand these in detail by hiring Hale Law Services, P.A. We are board certified by the Florida Bar in Real Estate and help all our clients in all the necessary legal real estate procedures. Give us a call at (239) 931-6767 to know more!

Good Guy Guaranty and Florida

Being a real estate attorney, we are well-versed with the Good Guy Guarantee, but being a novice buyer you may or may not be aware of it. This is a common procedure for leases in New York City and California and is not branching out to other states as well. If you are into the real estate business, then you should definitely know about this. 

So, what is a Good Guy Guaranty?

A Good Guy Guaranty is a financial backing that is pre-negotiated with a creditworthy guarantor. This guaranty covers the tenant’s reliability to pay. If the tenant fails to pay, then the guarantor is held responsible to pay. This guaranty is in place until the tenant is using the premises. A tenant can leave the place if they provide sufficient notice and leaves the premises in the same or good condition, compared to when he had leased, depending upon the agreement with the tenant. When the tenant vacates the place, the guarantor is automatically released from the contract. 

How does a Landlord Benefit from this?

The Good Guy Guarantee provides a sense of security for the landlord as he can be held responsible for any damage, caused by the tenant and he refuses to pay up. 

Additional Deposit under Good Guy Guaranty

A Good Guy Guaranty also has an additional deposit in place. This deposit is decided by the tenant and is taken as a security against the premises offered. If the tenant does not comply with the lease or pre-vacates the premises without any notice, then the landlord can claim the deposit paid by the guarantor. It is different from the Security Deposit as this additional deposit only covers the damages under the guaranty. 

We don’t know how long will it take to completely overtake the existing guarantees in the real estate law but it surely is forming some strong roots. Without a doubt, you will come across this guaranty soon. 

How can our Real Estate Attorney help?

Hale Law Services, P.A., has a reputable when compared to other real estate attorneys in Sanibel, Florida. We let our clients have the best of commercial as well as residential lease agreements that are highly suitable for their interest. Give our real estate attorney a call on (239)-931-6767 to book an appointment with us!

Reasons to Consider Selling your Home in 2019

2019 is the golden year for selling your home if you are planning to sell it. This year will be great for acquiring the best price on your property. The growth on home prices has slowed down from mid-2018. It is forecasted to gain momentum with a better increase in prices while putting your houses on sale in 2019.

If you are still making up your mind on putting up your house on sale, then consider selling it this year itself, without any delay. There are many real estate lawyers and agents who are recommending this, here are a few reasons why.

1. Entry of new buyers in the market

The largest number of buyers in the real estate market has to be the millennials. They are the ones who will be buying their own houses for the very first time. Based on the recent Harris Poll survey conducted upon 2000 U.S. individuals among the age group of 18 to 34-year-old, about one-fifth of the whole group plans to buy their own home in the next 12 months. Due to this, you will have a quality and quantity inflow of buyers who are willing to take off your homes from your hands.

2. Favourable interest rates

The interest is the highest since February 2011. For people getting sad, we would like you to know this is still less than the highest interest recorded in 1981 with 18%. Thankfully, the current rate is going to remain steady and is not likely to cause any fluctuations. As there is no uncertainty regarding the rates going lower or higher at least for this year, so 2019 is the ideal year for buying a new house.

3. Choose 2019 and not 2020

There are many who are predicting that the next recession is going to hit in 2020. For this, 2019 becomes ‘the’ year to sell your house if you are willing to fetch higher returns. Recessions can affect your home’s value as the people might not be in a good financial situation to pay.

Get your Home’s Legal Documents in place!

Before you move forward, you need to go through title clearance with the help of a real estate lawyer. For this, hire the best real estate lawyer in Bonita Springs with Hale Law Services, P.A. Call us at 239-931-6767 to book an appointment today!

How Has Florida's New Beach Law Affected Beach Use?

The state of Florida has now restricted access to the beach with its new law. This is surely a bummer for the public who were trying to open access to the private land near the beach. 
But with this, many homeowners can have the opportunity to have a beachside home with restricted access to their own independent piece of land on the beach. 

We being the leading real estate law firm, are here with this blog to provide you with an insight into this law. 

The Difference Between Private Property and Public Property on Beach

The private property on the beach, by law, is defined by its ability to reach the high tide shoreline. The public will not be allowed to place umbrellas, beach chairs, and other fishing equipment near the private property marked by the high tide shoreline as the sand of this area belongs to the owners as private property. 

There are many communities in Florida who accept this law but some feel that it is not right. Due to this reason, the upset people have filled an ordinance against this law, enabling the private area to be open for the normal public. 


One such community for Walton Country has passed a similar ordinance. But there are disputes that are unsettling in Panhandle community as the real estate agents and investors are buying such private properties but only to find the public eyeing for their space on the beach. 

According to a recent lawful development which went into effect on July 1, 2018, it allows the homeowners near such a beach to get the police to remove the beachgoers who trespass their property or refuse to leave their private property. 


This is the most current development and we being a prominent real estate law firm from Sanibel wish to keep you updated about all this, just in case you are looking to buy a beach-side house in other cities like Bonita Spring, Sanibel, Estero and Fort Myers. With more and more people fighting for the beach, we do not know how it will end for potential beach-house owners. 

Meanwhile, if you are in a process of buying a beach-side house and need our assistance, get in touch with Hale Law Services. Call us at (239) 931 6767 to book an initial consultation.