Put broadly, a 1031 exchange is a swap of one property for another. This is done between people with investment properties because of a wish to move, for example, without having to go through a traditional buying/selling process. Most property swaps will be taxed as...
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What are lawful grounds on which you can evict your Florida tenant?
Many people think of the eviction process as a long, drawn-out affair that can take months. That's not the case, however. Landlords who have non-paying tenants may be able to evict them in as little as two weeks. If you're a landlord, you must follow specific steps...
How to calculate appropriate CAM fees for different tenants
As a commercial landlord, the lease that you execute with your tenants is one of the most important legal protections that you have. As with residential landlords, some commercial property owners make the mistake of using boilerplate documents and identical terms for...
Do not let these pitfalls wreck your commercial real estate plans
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...
Different commercial leases for different situations
Every real estate contract is different. There are many types of leases that are used for commercial real estate that govern specific situations, obligations, and negotiations. Full service or gross lease These leases require the tenant to pay the base rent. The...
What should I know about commercial lease agreements?
Leases are legally binding contracts between a landlord and tenant for the rental of a property. While residential leases and commercial leases both serve this general purpose, they can be very different. One of the main differences is that while residential leases...
When can a commercial landlord have a tenant evicted?
A recent post on this blog covered some key clauses to consider including in a commercial real estate lease. However, what happens if one of these clauses is breached by the commercial tenant? Landlords in such situations should know that if this problem arises, there...
Make sure to cover these topics in your lease negotiations
This blog recently discussed some important aspects of negotiating a commercial lease. It may be useful to take a closer look at some of the key topics commercial tenants and commercial landlords should keep in mind when considering a commercial lease terms. Knowing...
What are some key terms in a lease for commercial real estate?
Businesses in Florida – particularly those just getting started – oftentimes rent the commercial real estate they need, such as retail locations, office space and warehouses. Renting instead of owning can be a sound business decision. But, what are some key terms in a...
Remedies for breach of contract
Florida businesses work with contracts every day, and most of the time they work so smoothly that business owners and managers hardly have to think about them. The importance of a contract may not even be apparent until something goes wrong. Some types of contracts,...
