Real estate transactions are governed by various special laws and common law which involves a wide variety of legal issues related to the acquisition, financing, development, administration, construction, leasing and sale of commercial and residential properties.
Buying and selling a property is generally much more complicated than buying and selling other goods, such as cars or boats. In the case of properties, several people may have rights regarding the same property, the tax consequences are more complicated and the possession is not always an indication of the property.
