Wyoming is a state that has been enjoying quiet, but robust, economic growth over the last couple of years. Housing prices have jumped more than 10 percent over the last year alone, while unemployment remains well below the national average, hovering around 3.6 percent. The state’s also emerging as an alternative energy leader, particularly in regard to wind energy. With major operations established in the state by Wal-Mart, Microsoft, and Lowe’s, the commercial real estate market is expected to enjoy healthy growth as well.
Burg Simpson’s Wyoming office has more than 40 years of experience handling issues that arise from real estate transactions and events affecting property, including purchase and sale contracts, insurance, environmental contamination, and construction as well as boundary or surveying disputes. If you are stuck in a legal dispute over a real estate or land use, reach out to a Burg Simpson civil litigation lawyer in Cody at 307-527-7891 or fill out our Free Case Evaluation form today.
There are a number of different kinds of real estate contracts, such as:
- Purchase agreements – These are the most common real estate contracts, and are simply contracts that spell out an agreement between a buyer and a seller of a specific residential or commercial property. Details include the purchase price, signatures, party identification, and closing date, among others. Additionally, purchase agreements come in several different forms.
- Real estate assignment contract – This type of deal is typically used as part of a wholesale investment strategy. This contract secures property and assigns it to a second buyer at a higher price.
- Lease agreements – These are written agreements that detail a relationship between two parties, a landlord and a tenant. These can cover both residential and commercial properties and include specifics such as the landlord, the tenant, term, premises, and rent.
- Power of attorney – This document assigns another party the power to sign legal documents on your behalf.
If you are trying to negotiate a real estate deal, you need to call a civil litigation attorney as soon as possible at 307-527-7891.
Locally speaking, land use traditionally refers to the activity at a specific piece of property or aggregation of properties. The most common types of land-use classifications in Wyoming include:
- Agriculture – Areas for cultivation of plants and animals for food production and other uses.
- Residential – Parcels where people live.
- Commercial – Section selected for commerce and financial transactions.
- Industrial – Areas designated for manufacturing and resource extraction.
- Mixed-use – Areas where residential and economic uses are combined.
- Transportation/utilities –Areas such as road, rail, and utility corridors and power plants.
- Parks/recreation – Areas providing open space and recreational opportunities.
- Areas in transition – Vacant areas awaiting designation.
If you are a developer trying to navigate the complicated rules surrounding land-use designations, you need legal help from a law firm that is familiar with Wyoming state and local governments. Speak with a civil litigation attorney at Burg Simpson in Cody today by calling 307-527-7891.
Our Burg Simpson Wyoming Attorneys Can Help
Commercial real estate transactions often become more complex than anticipated. Burg Simpson has four decades of experience handling commercial real estate and land use cases. Call us at 307-527-7891 or fill out our Free Case Evaluation Form here if you need legal help regarding real estate and land use.