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Elliott R. Teel
Teel Law Office, LLC
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Claimed Lawyer ProfileQ&AResponsive Law
Biography
I provide legal services for individuals and small businesses throughout southern Maine. I offer legal analysis and litigation services on real property issues. I represent buyers and sellers in real estate transactions. For business owners I can assist with formation, contract and general consulting matters. For many matters I offer services at flat-rate pricing.
Practice Areas
- Real Estate Law
- Commercial Real Estate, Condominiums, Easements, Eminent Domain, Homeowners Association, Land Use & Zoning, Mortgages, Neighbor Disputes, Residential Real Estate, Water Law
- Business Law
- Business Contracts, Business Dissolution, Business Finance, Business Formation, Business Litigation, Franchising, Mergers & Acquisitions, Partnership & Shareholder Disputes
- Estate Planning
- Guardianship & Conservatorship Estate Administration, Health Care Directives, Trusts, Wills
- Intellectual Property
Fees
- Free Consultation
- Credit Cards Accepted
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Rates, Retainers and Additional Information
I offer several services at a flat rate - please see my website for more information.
Jurisdictions Admitted to Practice
- District of Columbia
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- Maine
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Languages
- English
Professional Experience
- Director
- Portland Independent Business and Community Alliance
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Education
- UDC David A. Clarke School of Law
- J.D. (2006)
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- St. Lawrence University
- B.A. (1995) | Environmental Studies and Sociology
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Professional Associations
- Maine State Bar # 004222
- Member
- Current
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- District of Columbia Bar
- Member
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Legal Answers
13 Questions Answered
- Q. Am I liable for repairs on a property I own but don't live in?
- A: The mortgage that you signed most likely requires that the property be maintained. If there is no agreement with the tenants that they need to do maintenance and repairs, then that is your responsibility as the owner.
It is not clear what you mean by "renovations", which sounds like improvements to the property separate from any necessary repairs or maintenance. You do not need to authorize or pay for improvements or upgrades.
I recommend having a written agreement with the tenants that details these issues.
- Q. How to transfer jointly owned vacation home into revocable trust in Maine?
- A: Generally, you just need to have a deed prepared to transfer the property into the trust. If there is a mortgage on the property, that may need to be refinanced. Otherwise, it is a fairly simple matter.
- Q. Do I pay taxes on selling LLC share for less than invested?
- A: You should discuss this with an accountant because there may be other information needed to answer. But it sounds like you would want to include it as a loss on your tax return.
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