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...
A Business-First Approach To The Practice Of Law
Real Estate
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...
Should you take your commercial lease issue to court?
If you have an issue with your commercial real estate lease, you may not be sure how to handle the situation. Your first inclination may be to go to your landlord and try to work the situation out. But sometimes, landlords are quite unwilling to bend. In this case,...
How do you negotiate a favorable commercial lease renewal?
When your commercial lease term ends in Florida, it presents you with an opportunity to try to negotiate with your landlord if you wish to renew the lease and remain in your current location. Commercial leases typically have lengthier lease terms than residential...
What separates commercial real estate from residential real estate?
When you first start out with real estate, you have one big question to answer first: do you go for commercial properties or residential properties? Understanding the differences between the two can help pave the way to making the best possible choice. Pros of...
Understanding common commercial lease disputes
Commercial leases involve unique terms between a landlord and tenant, often with considerable rent payments and firm agreements between each party regarding their rights and responsibilities for the length of the agreement. Whether a lease includes vague lease terms...
