Lauderhill Commercial Real Estate Lawyers

Find the right Commercial Real Estate attorney in Lauderhill, FL

Commercial Real Estate Law in Florida

In Lauderhill, 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 Lauderhill, Florida is regulated 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.

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 Lauderhill, Florida

Financing: Some small businesses in Lauderhill, Florida find it necessary, at some point, to purchase a piece of real estate, for various reasons. However, most owners of small to medium-sized businesses can't afford to make a real estate purchase up front, with the cash they have on hand. Simply put, very few people have hundreds of thousands of dollars just sitting in the bank. One solution to this is a mortgage, which is similar to most other types of secured loans: a bank lends you money, and you put up some piece of property as collateral, so the bank has some security in the event of default. With a mortgage, however, the property being purchased with the loan also secures the loan, authorizing the bank to foreclose on it in case the buyer defaults.

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: 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 Lauderhill, Florida, an easement is some right of some third party to make limited use of land owned by someone else. For example, 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 Lauderhill, 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 Lauderhill, Florida real estate attorney.

Talk to a Real Estate Law Attorney now!

Life in Lauderhill

Lauderhill is a city in Florida with a population of approximately 66,887 people. It is located in the Miami-Fort Lauderdale-Pompano Beach metropolitan area. From this description itself, Lauderhill's location seems exquisite! After all, Fort Lauderdale, Miami and the Pompano area are filled with beautiful beaches!

Some popular Lauderhill attractions include Lady Helen Fishing Charters, Fort Lauderdale Antique Car Museum, Bonnet House Museum and Gardens, Sawgrass Recreation Park, Las Olas Boulevard, Stranahan House, Everglades Holiday Park, and Anne Kolb Nature Center.

Being in such a great location, Lauderhill and surrounding areas are filled with law firms of all sizes. These firms train attorneys of various skill levels, who are able to handle any legal issue in all areas of law.

Clients Rate LegalMatch Attorneys
(click to read reviews)

Nicholas M.
Nicholas M.

Real Estate, Housing & Property Law

Golden, CO

Carl M.
Carl M.

Real Estate, Housing & Property Law

Seattle, WA

David A.
David A.

Real Estate, Housing & Property Law

Walnut Creek, CA