HOMES & PROPERTY: Why I think it is worth having real estate lawyer

>A transaction of residential real estate normally involves two parties, the buyer and the seller and at times a third party, the lender. If there is a third party, then the transaction becomes a bit complex. Plus, the law that governs conveyance and real estate transaction in general is different from the law governing other kinds of purchases. You cannot compare it to buying a “bodaboda” or a “techno mobile phone”.

>Real estate contracts are binding legal documents. They form the bases of the sale and buying of a property. The wishes or rather the agreements, terms and conditions of the buyer and a seller in the purchase are reflected in a contract.

>Well, may be you are one of those people, who have thought of investing in a real estate business, but you do not know how or you are a person, who thinks real estate is for the people whose wealth is almost Sh20 billion. Such ideas come only when we lack knowledge about real estate. Have you ever asked yourself the following questions: what exactly is real estate?

Hello ABC Attorneys, I own a construction company in Mtwara. I have recently been exposed to a situation whereby I have to terminate a contract of service of one of my employees. Can you advise on how to draft a letter of termination? S.D.

Jay-Z's Worst Real Estate Investment Had Him Returning the Property Back to the Bank  Showbiz Cheat Sheet

>It is extremely important to change your mind-set. You can start with enough money to buy an Ipod player and end up with enough to buy a car or a house or a trip around the world.

>The end of the year is approaching, so does the start of another year and new budgets. If you are a landlord or landlady then a smile lights up your face, but if you are a tenant, your head has started to spin. Most Tanzanians live in rental houses. As tenants do we all know our rights and what we should do in case we face problems with our landlords or landladies?

“Land reforms include reforms or improvements in the land tenure system as well as reforms in other institutions, which are related to land and its utilisation such as consolidation of holdings, size of holdings, methods of farming and supply of agricultural credit etc.” - UN.

>Entering into real estate transactions in today’s litigious society without taking advantage of an arbitration clause is like driving a car without a seat belt: it is a dangerous and unnecessary risk. However, most people just cruise through this “Arbitration Clause” part of the contract without really understanding what is happening “there”.