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Collier County Business And Real Estate Law Blog

Be sure to ask your home inspector these questions

When buying a home, you can never trust what the seller tells you. Even though you have access to a disclosure, it doesn't mean it is completely accurate. This is why you need to hire a home inspector to provide more information on the property.

While you can trust your home inspector to do a good job, it doesn't mean you should sit back and watch the process unfold. You need to get involved. You need to ask questions.

These home inspection mistakes can cost you money

When buying a home, it's important to order a home inspection. This will give you a better idea of the condition of the property, thus putting you in position to negotiate any repairs that may be necessary to move the process forward.

Here are some of the many home inspection mistakes that can cost you money in the long run:

  • Using the wrong inspector. It's easy to believe that all home inspectors are the same, but nothing could be further from the truth. Ask your agent for a referral, or turn to the American Society of Home Inspectors for advice.
  • Neglecting to attend the inspection. There are many reasons to be on site for the inspection, including the fact that you can ask questions as to better understand any problems.
  • Assuming that a new construction home is perfect. Many new homes have defects, so you should always order an inspection.
  • Neglecting to hire a specialist. A home inspector can point out problems, but you may need to call in a specialist to learn more. For example, if the inspector believes that you need a new roof, call in a roofing company to provide more detailed information.

Lawsuit could block stadium deal in Florida

A lawsuit filed at the end of July could block a stadium deal in Florida. The lawsuit was filed by an activist against Miami-Dade County in an effort to block the sale of its land to Miami Beckham United for the construction of a Major League Soccer (MLS) stadium.

The lawsuit, which was officially filed on July 20, asks for an injunction to be placed on the sale of the land to the Beckham group. It also requested a competitive bidding process. The lawsuit was filed in Miami-Dade County Circuit Court.

Think carefully when you consider buying a short sale

You have probably heard the old saying that when something seems to good to be true that is probably is. This is one saying that will usually ring truest when you are dealing with real estate. When you are hunting for good deals on homes, it is imperative that you take the time to carefully consider some very specific points regarding the transaction.

One way that you might be able to find a good deal on a home is through a short sale. This occurs when the home sells for less than the current balance owed on it. The lender must agree to the short sale since the entire balance of the current owner's mortgage isn't paid. If you are considering a short sale, here are some points to remember.

Understanding terminology in commercial lease agreements

If you are among those seeking a home base for your business, you may find yourself poring over complicated lease agreements in your pursuit of an ideal locale. It is important to note that signing a commercial lease is quite different than signing a rental agreement for, say, an apartment, and the language used in a commercial lease agreement differs broadly, too.

When you rent an apartment, you probably agree to pay your landlord a certain amount of money each month, but when you lease a commercial space, you may find yourself responsible for additional expenditures. While there is often broad variation between one commercial lease agreement and another, there are some commonly used terms in these documents that dictate exactly what you are responsible for as a commercial tenant. Understanding the following terms can help ensure everyone understands the agreement in its entirety, which may help avoid hardship and possible litigation down the line.

Starting a business calls for a focus on many key details

When starting a business, it's easy to focus most your time and attention on growth. You want nothing more than to hit the ground running, as to generate revenue as quickly as possible.

Before you can do this, however, there are many details you first need to consider. Here are some of the most important steps you can take:

  • Form a legal business entity. This can be as simple or complex as you make it, but you need to consider all your options.
  • Become familiar with any regulatory compliance requirements in your state and for your industry.
  • Create an employment agreement. This is something that will come in handy every time you hire a new employee. Make sure you have this ready from the start.
  • Negotiating a lease for office space. Some companies don't need to do this, as they own a building or have staff working remotely, but it's something to consider nonetheless.

What are the main reasons to incorporate your business?

There are many good reasons to incorporate your business, and it's important to keep all of these in mind as your company gets off the ground. Before you ever open your doors to the public, it's a good idea to incorporate your business. Choosing the right business structure could be the difference between success and failure.

Here are five of the main reasons to incorporate:

  • Personal asset protection
  • Tax deductible expenses
  • Tax flexibility
  • Brand protection
  • Enhanced reputation

Closing on a home? Do your best to avoid these problems

When closing on a home, you hope that everything goes as planned. While this may be what you're striving for, it's hard to say what the process will bring.

Here are some of the many problems that can move to the forefront when closing on a home:

3 reasons you can legally evict a tenant

As a landlord, it is rarely ideal to evict a tenant. You rely on their rent, and terminating their lease is sure to be a hassle. There are some situations, though, where it is both necessary and legal to do so. In such circumstances, you should approach the tenant with a clear legal justification for your decision, and when necessary, enlist an attorney to handle the matter and provide legal representation.

According to Forbes, evictions are on the rise. There are many reasons for this, but the following three constitute sufficient cause. Whether you are a commercial or residential landlord, you are well within your rights to terminate the lease of any tenant who commits one of these infractions.

Why you need a lawyer to help you start your small business

You may have the greatest new idea in the world, but without the proper establishment of your company, you are likely to fail. To prevent this from happening, especially if you are not a business-minded person, you may hire various professionals in the industry to help you, such as a marketing consultant.

However, have you added a lawyer to the list? You may not think you need legal representation at this point, but there are many reasons why hiring an attorney now can help you to succeed.

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