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...
A Business-First Approach To The Practice Of Law
Real Estate
What are the types of commercial leases?
Setting up a commercial lease can be complex, especially when determining the appropriate lease type. These details are usually in the lease agreement but could require discussion if the setup seems unfavorable to the tenant or the landlord. Fortunately, both parties...
Why do you need a lawyer when buying commercial 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...
Reviewing a commercial real estate contract before signing
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...
4 Key considerations before purchasing commercial 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...
Can you renegotiate a party wall agreement?
As you probably know, many commercial spaces have party walls. Because these walls effectively straddle property lines, they often have at least two separate owners. For example, your company might own your side of the party wall, while the business next door owns its...
Commercial property insurance costs could rise sharply in 2023
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?...
How do party walls affect commercial real estate deals?
When it comes to commercial real estate, there is a seemingly endless number of possibilities. Indeed, you might purchase an empty lot, a standalone building or even a unit in a complex. If your property connects to another one, though, there is a decent chance you...
5 most common mistakes in commercial real estate transactions
Commercial real estate involves considerations that residential property buyers typically do not consider. Stiff competition and high dollar values can make emotions run hot and lead to blunders, especially in booming markets like Florida, where people want to move...
How do Class A, Class B and Class C office buildings differ?
Unlike residential real estate, Florida’s commercial real estate market includes properties you may purchase or invest in to generate income. Office buildings are part of the commercial real estate market, but office buildings come in several different classifications...
