Zoning laws are used by local governments to promote growth and safeguard the interests of the community. When buying commercial real estate, you must consider how zoning laws will affect your plans to use the land.
Why Should I Hire an Attorney?
Florida’s commercial real estate market is full of risk. Because commercial real estate contracts are not required to disclose certain information, it’s up to you to conduct due diligence before you close your deal. Working with an experienced lawyer can help you avoid making costly mistakes.
What Provisions Should My Purchase Contract Include?
No two commercial real estate contracts are exactly alike. However, there are common provisions that most of them include, such as closing conditions, warranties, covenants, and representations. Keep in mind that what these contracts do not include is often just as important.
How Do I Know What the Property Is Zoned For?
When you’re planning to purchase or lease a property for a commercial purpose, you need to do your research. Part of your due diligence is ensuring the property has been zoned for commercial use, as well as examining utilities and conducting a title search. Reach out to an attorney for guidance.
