Commercial real estate can be quite expensive. The price can be worth it if you’ve got a strong business plan and have done your homework to ensure that you know what you’re getting into. But after you conduct your due diligence and decide to move forward with a piece...
Commercial Real Estate
What duties does a commercial landlord have to meet?
When a Florida resident decides to offer a residential property for rent on the market, they may discover that serving in the role of landlord is less appealing than they originally thought it would be. Residential landlords have duties to fix property conditions and...
Are sellers required to disclose commercial property defects?
Before a buyer purchases a commercial real estate property, it is important that they are made aware of material property defects or issues relating to the property. Many buyers have suffered significant financial loss after discovering various defects after the...
A step-by-step approach to commercial real estate transactions
For Florida residents and businesses involved in commercial real estate, there are usually three aspects to these types of transactions: purchases, development and sales. No matter what step you are on, details are crucial. Lack of attention to detail can jeopardize...
What goes into due diligence? A lot
Commercial real estate is a major investment. Before dumping a lot of money into a property, you need to make sure that you’re getting what you bargained for. That’s why prior to signing any contracts or purchase agreements, you should perform your due diligence to...
Don’t glaze over important commercial lease agreement terms
There are a lot of ingredients that go into making a successful business. You need strong supply chains, top talent, aggressive marketing, and a willingness to adapt to a changing business climate. Another major component of a successful business that is often...
Commercial real estate red flags
Real estate investors should never forget to conduct their due diligence even if a potential deal appears tempting. There are warning signs that a commercial real estate deal is not as good as it looks and should be closely scrutinized or even avoided. Heavily...
Local property part of mammoth real estate deal
A local industrial property used by a manufacturer of high-end tobacco products sold for over $15.5 million. The sale was part of a broader deal between two investment firms. The selling firm originally bought the property for $14.8 million about a year ago. The...