INTRODUCTION TO REAL ESTATE BUSINESS Module 8 Legal Framework and Documentation in Real Estate

The real estate business, though financially rewarding, is heavily regulated and legally structured. This module offers a comprehensive exploration of the legal principles, documents, statutory obligations, contractual agreements, and regulatory processes that govern real estate transactions and property ownership. It equips you with the legal literacy required to navigate transactions, avoid fraud, and ensure compliance.
A sound understanding of the legal environment reduces disputes, safeguards investment, enhances transparency, and ensures that all stakeholders buyers, sellers, developers, and agents operate within the law. From title verifications and deeds to tenancy laws and land-use classifications, this module prepares you to function competently and confidently in any real estate environment.
MODULE STRUCTURE
8.1 Introduction to Real Estate Law
Real estate law refers to the body of rules, regulations, and case precedents that govern property ownership, usage, transfer, and development. It intersects with:
Contract Law


Land Use Law


Tax Law


Environmental Law


Inheritance and Estate Law


Agency Law


The legal framework ensures:
Security of tenure


Transparent transfer of ownership


Orderly development


Dispute resolution mechanisms


Regulation of market players


The nature of land ownership is often based on:
Freehold (permanent ownership)


Leasehold (ownership for a specific duration)


Tenancy (short-term use rights)