Coconut Creek Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Coconut Creek, FL

Commercial Real Estate Law in Florida

In Coconut Creek, Florida, "commercial real estate" is any form of land or building which is utilized for a business, as opposed to residential, purpose.

The laws governing commercial real estate in Coconut Creek, Florida are quite different from those applying to residential real estate.

Buyers and renters of residential property enjoy some pretty substantial legal protections, because the law of most states presumes that shelter (being necessary to survive, for the most part) is more important than business. Therefore, many of these consumer protections don't apply to commercial real estate.

For instance, commercial real estate typically isn't covered by rent control laws, nor does it carry with it an implied warranty of habitability (because people usually won't be living in it). Furthermore, it also doesn't come with a covenant of quiet enjoyment. However, some of the most basic legal protections (such as laws against fraud, and concealment of defects) apply in both the commercial and residential context.

Common Commercial Real Estate Law Issues in Coconut Creek, Florida

Financing: The majority of small business owners in Coconut Creek, Florida probably can't afford to buy much real estate outright, with cash paid up front, so most small business buy 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 typical, 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: An encumbrance is some small ownership interest in land held by a third party, or some right held by a third party to restrict the use of a parcel of land. A typical encumbrance is an easement. In Coconut Creek, Florida, an easement is some right of some third party to make limited use of land owned by someone else. For instance, cable companies often purchase easements from property owners (or they are imposed by the government) allowing them to string cable wiring from the telephone wires on the street to nearby houses. Like any other property right, the holder of an easement can prevent others from interfering with it. Obviously, if a buyer doesn't know about an encumbrance on a piece of land, he might find that he's unable to make the use of the land that he was expecting.

Can a Coconut Creek, Florida Attorney Help?

These issues are sometimes complicated, and almost always very important. Therefore, it's imperative to seek the assistance of a Coconut Creek, Florida real estate attorney if you have any dealings in this area.

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Life in Coconut Creek

Coconut Creek is a city with an interesting name, located in Broward County, Florida. What is interesting is that eventhough its name has the word "coconut" in it, Coconut Creek is home to the world's largest butterfly population. Over 80 species and 5,000 individual butterflies call Coconut Creek home.

Coconut Creek is a small community filled with many small businesses, single-family homes, condos, town homes, and small gated communities. Some popular employers include the school district, Seminole Coconut Creek Casino, Enterprise Rent-A-Car, and Wal-Mart.

Coconut Creek is also filled with many small law offices that are founded by excellent attorneys focusing on creating a legal practice dedicated to excellence and service to the community.

Some popular attractions include Sabal Pines Park, Tradewinds Park, Butterfly World, and Seminole Casino Coconut Creek.

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