West Palm Beach Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in West Palm Beach, FL

Commercial Real Estate Law in Florida

In West Palm Beach, 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 West Palm Beach, Florida is regulated by laws which differ significantly from state and local laws that apply to residential real estate.

People who buy and rent residential unites have a higher deal of legal protections not available to buyers of commercial property.

These include implied warranties of habitability, rent control, and covenants of use and quiet enjoyment, among many others. Of course, the most basic protections, such as prohibiting the seller from actively concealing defects, apply to both.

Common Commercial Real Estate Law Issues in West Palm Beach, Florida

Financing: The majority of small businesses in West Palm Beach, Florida can't afford to make large real estate purchases with the money they have in the bank. Still, buying real estate is sometimes imperative for a business' survival. This problem is sometimes remedied by taking out a mortgage; a loan used to buy property, with that same property being used to secure 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: Buyers of commercial real estate are expected to be diligent, and a court will not reward a lack of diligence. Consequently, if the buyer fails to conduct a thorough inspection of the property before buying it, and thereby fails to discover defects which such an inspection could have easily revealed, he will not be able to sue the seller over these defects later on.

Encumbrances: Undisclosed encumbrances are defects of another sort: defects of title. An encumbrance is any interest that a third party has in the West Palm Beach, 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 crucial to know about them before buying.

Can a West Palm Beach, Florida Attorney Help?

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

Talk to a Real Estate Law Attorney now!

Life in West Palm Beach

West Palm Beach is a popular area for residents and tourists. It is located in Palm Beach County, which is home to about 1.4 million people. West Palm Beach is in the Southern Florida region.

Some popular sites include the Carefree Theatre, Palm Beach Zoo, Rapids Water Park, South Florida Science Museum, Lion County Safari, International Polo Hall of Fame, Trump International Golf Club, Meyer Amphitheater, and Palm Beach County Convention Center. West Palm Beach is also known for its festivals, such as SunFest, the Palm Beach International Film Festival, and the Winter Equestrian Festival.

Some of West Palm Beach's top employers include Florida Public Utilities, ION Media Networks, Ocwen, Pratt Whitney Rocketdyne, Sikorsky Aircraft, General Dynamics, Cemex, and CSC. West Palm Beach is also filled with many law firms. Thus, the area has many top-notch attorneys capable of handling any and every legal inquiry.

All in all, West Palm Beach is a great place to live and/or visit!

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