By H. Clay Parker, Esq. | Published November 12, 2023 | Posted in Commercial Real Estate | Tagged Tags: commercial lease, common area maintenance fees, rent structure, subletting, zoning restrictions |
Why Commercial Lease Terms Need Careful Negotiation
When it comes to leasing commercial property, the devil is often in the details. While residential leases are relatively straightforward and governed by statute, commercial leases are typically customized to address particular business situations. Whether you are a tenant or a landlord, it’s vital to understand the essential terms of a commercial lease and why Read More
Read MoreSpecific Performance as a Remedy in Real Estate Contract Disputes
When a contracting party fails or refuses to perform a duty and causes the other party a loss, the usual remedy is compensatory damages. Courts do not often order the breaching party to fulfill the outstanding obligations. However, real estate contracts can be the exception. This is because the law deems every parcel of real Read More
Read MoreThe Top 5 Causes of Florida Construction Disputes
Ideally, real estate construction projects are completed as designed, on schedule and within budget. However, construction projects are, by their very nature, complex affairs that can generate serious conflicts between the multiple people and entities involved, including contractors, subcontractors, material suppliers, developers and property owners, even when everyone acts in good faith. If you’re involved Read More
Read MoreAre Sellers Liable for Misrepresenting the Condition of Commercial Property?
The legal doctrine of caveat emptor — “let the buyer beware” — means that buyers are responsible for inspecting the quality and condition of property prior to purchase. If they fail to do so, they usually cannot hold the seller liable for any defects, even those that the seller did not disclose. Although Florida law Read More
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