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New Ways Commercial Tenants Can Leverage Their Lease Post-Coronavirus
Even as the Coronavirus pandemic has precipitated tremendous challenges, some businesses are leveraging their commercial leases to reap benefits. Here are three ways tenants are getting more out of their leases: by renewing, subleasing, and pivoting to new spaces and new uses. Renew. Businesses that are in a relatively strong financial footing and whose leases […]
How Can I Get Out of My Commercial Lease in Florida?
Commercial leases are controlled by Part I of the Landlord Tenant Act in Florida. It is found at Chapter 83 in the Florida Statutes. The terms of each lease are unique. For each particular situation an experienced business lawyer must review your lease to determine what you can do. What if my business is moving […]
Can Your Florida Business Benefit From a Non-Compete or NDA?
Businesses need to protect themselves. One of the easiest methods is through documents by which another party agrees not to improperly use or take information or personnel from the business to compete against it. These documents are non-compete or non-competition agreements, non-solicitation agreements, and non-disclosure agreements and they can provide great benefits to a business […]
DeSantis Signs Bill that Impacts Some Inherited Property
If a Floridian dies without a will, one heir can sell their portion of property independently. After July 1, however, a bill passed by the Florida Legislature and signed by Gov. Ron DeSantis (SB 580) essentially gives the other heirs a “right of first refusal” before an outside party is allowed to buy their inherited […]
The Difference Between Financing Contingency and Appraisal Contingency
If a contract includes both a financing contingency and appraisal contingency, where does one end and the other begin? There’s substantial overlap in the two contingencies, but they have very different rules. When buyers negotiate a contract that includes both a financing contingency and appraisal contingency, they sometimes have trouble understanding where one ends and […]
Game Changer for Remote Real Estate Closings: Remote Online Notarization Morphs into Remote Ink Notarization
Due to the COVID-19 pandemic, Attorneys Title Insurance Fund and Old Republic Insurance Company along, with other underwriters following suit, decided that they would allow for Florida Remote Online Notaries to notarize both electronic and wet-ink closing documents remotely through a Remote Online Notarization (“RON”) provider. This approval now paves the way for both buyers […]
Commercial Leases: Will a Force Majeure Clause Get You Out of Paying Rent?
During this COVID-19 crisis, force majeure clauses in commercial real estate contracts are a hot topic in real estate. A force majeure clause excuses a party from performing a contractual obligation due to an unforeseen event beyond a party’s control. While force majeure events have generally included wars, weather disasters, terrorism, and government action, Florida […]
Rentals and Getting Ready for Hurricane Season
Florida is often dubbed the vacation state, sunshine state, the retirement state, or all around where individuals travel to soak in the sun rays, enjoy our beaches, or retreat from the snow. Friends and family from out of town may envy those who seek out a retreat from the icy winters from the north and […]
6 Reasons To Hire a Real Estate Lawyer When Buying or Selling Florida Real Estate
Lack of disclosure about the condition of the property, foreclosure, and probate issues are just few reasons why you may want a real estate lawyer to help. In Florida, particularly South Florida, families want to own a home; retirees want to buy a condo or townhouse; investors from around the country and world want investment […]
Notarizing and Witnessing Legal Documents During the Coronavirus Crisis
Commercial restrictions and social distancing make it harder to finalize many legal and financial documents. Many common legal documents must be notarized or witnessed to be legally binding. For example, mortgage documents and financial powers of attorney must be notarized. Wills, on the other hand, require witnesses, as do the advance health care directives of […]