Port St. Lucie Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Port St. Lucie, FL

Commercial Real Estate Law in Florida

In Port St. Lucie, Florida, "commercial real estate" is any type of land or building which is used for a business, as opposed to residential, purpose.

Commercial real estate in Port St. Lucie, Florida is managed by laws which differ significantly from state and local laws that apply to residential real estate.

Buyers and renters of residential property enjoy a considerable number of legal protections. Many of these protections don't apply to buyers or renters of commercial property.

For instance, residential real estate is controlled by laws concerning rent control, living conditions, and other things relevant to buildings where people will be living. Most of these protections don't apply to commercial real estate, because the law assumes that the average business person is a bit more sophisticated in such dealings than the general population, and because a place to do business is usually less important than a place to live. However, the most basic protections, such as protection from fraud and deliberate concealment of defects, still apply.

Common Commercial Real Estate Law Issues in Port St. Lucie, Florida

Financing: The majority of small business owners in Port St. Lucie, Florida probably can't afford to buy much real estate outright, with cash paid up front, so most small business purchase commercial real estate with a mortgage. A mortgage is a loan taken out for the purpose of buying real estate, using that real estate as collateral for the loan.

Concealment of Defects: Sellers and lessors of commercial real estate are under a duty to disclose any defects in the property which might impact the buyer's decision to purchase it, such as water damage, mold, or other structural problems. These defects are quite common, and the buyer has a right to know about them. If the seller doesn't disclose these defects, where they exist, the buyer can sue for any harm this causes.

Duty to Inspect: This is a companion to the duty to disclose defects. Usually, buyers of real estate are expected to inspect the property. If they fail to conduct a good inspection, they might not be able to recover damages if they are harmed by any defects which an inspection would have revealed.

Encumbrances: Undisclosed encumbrances are defects of another sort: defects of title. An encumbrance is any interest that a third party has in the Port St. Lucie, Florida commercial real estate. These typically take the form of easements, which are rights held by third parties to use the land for a specific purpose. Easements can have profound effects on how a new owner can use the land, so it is important to know about them before buying.

Can a Port St. Lucie, Florida Attorney Help?

Because of the importance and potential complexity of the issues surrounding commercial real estate, it's almost always prudent that, before engaging in any real estate deal, you pursue the counsel of a good Port St. Lucie, Florida real estate attorney.

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Life in Port St. Lucie

Port St. Lucie is major city in St. Lucie County, Florida. It is one of the fastest growing regions in the country. From the year 2000 to the year 2009, the population of Port St. Lucia, Florida grew from 88,000 to 155,000, making it one of the fastest growing cities in the country.

Tradition Square is one of Port St. Lucie's main residential communities and has been listed as one of America's top 100 communities. It is modeled in a 1950's style and serves as the center of Port St. Lucie. The city is host to an abundance of golf courses, including some top PGA courses. Port St. Lucie is sometimes called "Park St. Lucie", because the city maintains a large number of parks and entertainment centers.

Active development in the city of Port St. Lucie, Florida has also increased the number of employment opportunities in the area. In particular, the Florida Center of Innovation houses two biotech companies- the Vaccine Gene Therapy Institute and the Torrey Pines Institute for Molecular Studies. The Center is a major source of economic activity in Port St. Lucie, Florida.

Lawyers in Port St. Lucie, Florida file many legal claims at the St. Lucie County Court ("West Annex Building"). Port St. Lucie lawyers offer legal assistance in a broad range of fields.

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