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Do not let these pitfalls wreck your commercial real estate plans

On Behalf of | Aug 21, 2020 | Commercial Real Estate |

Whether you are expanding into the commercial real estate arena or are already a seasoned property transaction professional, it is always wise to reduce your legal difficulties. Without up-to-date knowledge, you may find yourself facing any number of legal issues before during or after your transactions.

The good news is that you can find assistance in meeting the challenges that often arise when buying or selling commercial real estate in Florida. Seeking an experienced legal opinion when conducting your transactions is one of the most effective ways to avoid trouble now and in the future.

Some of the ways a real estate lawyer can help include:

  • Land use and zoning: City and state governments have strict requirements in place governing how you can use commercial property. Your attorney can help you research your commercial land candidates to ensure that you will not be violating zoning and other laws.
  • Investment risks: Even though a property may seem like it will meet your needs, it is still wise to do your due diligence. For example, a property may be in fantastic condition but if the area is troubled by criminal activity and other problems, it may be best to look elsewhere. A lawyer can help you identify potential issues in the property you wish to purchase.
  • Industrial property: Unlike other types of commercial real estate, industrial properties must meet strict environmental requirements. To help you comply with these laws, ask an attorney to review the property and advise you about whether to move forward with your plans.

Minimizing your legal and financial risk is smart regardless of the property in which your interests lie. This is a great reason to partner with a Florida law firm anytime you buy, sell or use commercial real estate.