Category: Real Estate
Category: Real Estate
How long does binding arbitration take?
- September 13, 2024
- Real Estate
Binding arbitration provides an alternative to lengthy court proceedings. While it offers a more streamlined process, the duration of arbitration varies depending on the complexity of the case and the cooperation of the parties involved. Understanding the time frame helps set realistic expectations for those navigating this legal avenue. Factors that influence duration The length of binding arbitration depends largely on the specific details of the[ ... ]
The impact of Florida’s new squatting law on property investors
- May 27, 2024
- Real Estate
On March 27, 2024, Governor Ron DeSantis signed HB 621 into law, marking a significant change in how Florida handles squatting. This new law protects property rights, offers remedies to homeowners and increases penalties for squatters. Real estate investors in Florida will benefit from these changes, as the law aims to curb squatting and provide faster resolutions for property disputes. Immediate removal of squatters Under [ ... ]
Consequences of disclosure failures in real estate transactions
- March 19, 2024
- Real Estate
Real estate transactions in Florida can be intricate affairs, often involving multiple parties and a large amount of paperwork. Amidst the complexity, one aspect that significantly impacts these transactions is the disclosure of information about the property for sale. Disclosure failures occur when sellers do not fully outline all relevant information about a property to potential buyers. This can lead to a host of negative consequences for both buyers and sellers a[ ... ]
Dealing with a commercial real estate tenant breach
- January 26, 2024
- Real Estate
Many commercial property owners lease units to other businesses to generate income. Commercial real estate transactions involve a series of agreements, and when a tenant breaches a property contract, it can pose challenges for both landlords and tenants alike. Understanding the steps to take in such a situation is important. Identify the breach The first step is to identify the breach of the property contract. This may involve a thorough review of the leas[ ... ]
6 potential legal issues associated with commercial property
- December 20, 2023
- Real Estate
Many businesses benefit from owning property, but there still may be challenges to overcome. One major concern is the potential for litigation, which can be both time-consuming and costly. According to the Pew Research Center, 3.7 million businesses own property in America. Understanding which issues to look out for can help you find the right property for your company. 1. Title search and due diligence Before finalizing any commercial property purchase, c[ ... ]
Choosing the best commercial property valuation method
- October 20, 2023
- Real Estate
Every business owner knows how important it is to assess the market value of a commercial property before buying it. It is to make sure that the property aligns with their financial goals and expectations. Through proper evaluation, they can determine whether the asking price corresponds to the property's true worth. The process prevents them from overpayment and financial setbacks. There are three primary valuation methods. Understanding the principles behind each o[ ... ]
Why do you need a lawyer when buying commercial real estate?
- July 18, 2023
- Real Estate
Commercial real estate is a significant investment, and it is not as simple as picking a property you like and paying for it. It is a complex process that usually involves a lot of legal matters, so it is often advantageous to have a commercial real estate attorney assisting you. Here are some of the crucial ways a commercial real estate attorney can help: Paperwork Processing various forms and documentation is almost always unavoidable in negotiating and fin[ ... ]
Reviewing a commercial real estate contract before signing
- June 20, 2023
- Real Estate
Entering the world of commercial real estate can be both exciting and daunting. As a business owner or investor, signing a commercial real estate contract is a significant step that can have profound implications for your financial future. One must never underestimate the importance of thoroughly reading a commercial real estate contract before signing it. Commercial real estate contracts Commercial real estate contracts cover the agreement between the buy[ ... ]
4 Key considerations before purchasing commercial real estate
- May 12, 2023
- Real Estate
Purchasing commercial real estate can be a significant investment for a business. Before making a purchase, you need to thoroughly review the property and consider several key factors to ensure that it is a good idea. Here are four things you should look for if you are considering buying commercial real estate. Location and accessibility Location is a crucial element to consider when looking to buy real estate for commercial use. The[ ... ]
Commercial property insurance costs could rise sharply in 2023
- March 23, 2023
- Real Estate
Rising insurance costs have been a concern for commercial property owners in Florida for years. According to a new study, insurance rates could increase by 45-50%, and some property owners could see their premiums double. What is driving these cost increases? Decreasing competition leads to higher rates Large payouts from insurance carri[ ... ]
