Commercial Lease Negotiation: Key Terms Every South Florida Business Tenant Should Understand
A commercial lease is one of the largest and longest financial commitments most South Florida businesses ever sign. Unlike a residential lease, it is not a fill-in-the-blanks form with tenant-friendly rules baked in. It is a heavily negotiated business contract, and the version a landlord hands you first is written to protect the landlord. Effective…
Buying Commercial Property in South Florida: A Due Diligence Checklist
Commercial real estate in South Florida moves quickly, and the window between an accepted offer and a closed deal is where a purchase is either protected or exposed. Once you are under contract, the due diligence period is your opportunity to confirm that the property is what the seller says it is, that it can…
1031 Exchanges and Florida Commercial Property: The Legal Steps That Protect the Deal
Plenty of commercial property in South Florida trades because the seller wants out of one asset and into another, not because the seller wants a check. A 1031 exchange is the mechanism that makes that possible, letting an owner roll the proceeds of one investment property into another and defer the federal capital gains tax…
Ground Leases in Florida Commercial Real Estate: What Owners and Developers Should Understand
If you have chased a development site in Miami-Dade lately, you have probably met a landowner who will not sell. Airport and port parcels, city-owned land, institutional holdings, and family corners that have carried the same name for three generations tend to stay right where they are. What those owners will often do instead is…