You’re moving toward starting a new business, and you find the ideal commercial property. It will fit your needs, it’s in a great location, and the price fits your budget. Before you buy, make sure that you can actually use that property as intended. You must know...
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Commercial Real Estate
Different contract interpretations can lead to disputes
Ideally, a commercial tenant and a landlord will both understand exactly what the contract means on the day that they sign. The reality, though, is that these two parties can both read the exact same contract and interpret it differently. If they do, this can lead to...
How to find out who the real seller is
Limited liability companies (LLCs) are common corporate structures. As LLC ownership is a matter of public record, it is simply a matter of research to discover who the owner of an LLC is. However, that can be a time-consuming effort, which is a problem when time is...
Avoid discriminating behaviors when leasing residential real estate
When you own a piece of residential real estate for lease in Florida, you can do what you like with it, right? In principle, this is true. However, you cannot violate a person’s rights when renting or leasing out your property. Although the property belongs to you,...
What is a 1031 exchange? How does it work?
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...
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...