Palm Beach Commercial Real Estate Lawyers

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

Commercial Real Estate Law in Florida

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

Commercial real estate in Palm Beach, Florida is controlled by laws which differ significantly from state and local laws that apply to residential real estate.

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

Several of the protections that don't apply to commercial property include warranties of habitability, rent control, and warranties of quiet enjoyment. There are others, as well. The most general protections, nonetheless, apply to buyers of both residential and commercial real estate, including remedies for fraud and concealment of physical or title defects.

Common Commercial Real Estate Law Issues in Palm Beach, Florida

Financing: Some small businesses in Palm Beach, Florida find it necessary, at some point, to purchase a piece of real estate, for various reasons. Nonetheless, 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 individuals have hundreds of thousands of dollars just sitting in the bank. One solution to this is a mortgage, which is similar to most other forms 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, permitting the bank to foreclose on it in case the buyer defaults.

Concealment of Defects: if the seller of commercial property acts to conceal a significant defect in the property, and then sells the property, he will be accountable for any harm this defect cause, as well as the reduced value of the property, or the cost of repair.

Buyer's Duty to Inspect: typically, buyers of commercial real estate are expected to inspect the property before buying it. A failure to do so might prevent the buyer from prevailing in a lawsuit if he is hurt by physical defects that an inspection would have revealed, and that the seller didn't know about.

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 frequent encumbrance is an easement. In Palm Beach, 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 Palm Beach, Florida Attorney Help?

The issues surrounding commercial real estate in Palm Beach, Florida can get fairly complex. Therefore, it's never a bad idea to have the assistance of an accomplished commercial real estate attorney.

Talk to a Real Estate Law Attorney now!

Life in Palm Beach

Palm Beach is a beautiful area located in Palm Beach County, Florida. It is surrounded by West Palm Beach and Lake Worth. It is a small city with a population around the mid 30,000s.

What is interesting is that the area started off as a resort founded by the oil mogul Henry Morrison Flagler. Later Edward R. Bradley bought this area and it was named Palm Beach.

Palm Beach today is a very beautiful area with a relatively affluent community. Some of the prominent industries include health care and tourism. Further, the area is filled with law firms that can handle any and every legal inquiry of residents and local corporations.

Some common tourist attractions include Four Arts Garden, Mar-A-Lago, the Flagler Museum, Pan's Garden, and some fine dining and shopping around Worth Avenue.

Some famous people who have called Palm Beach home include Mark Patton, James Patteron, Ivana Trump, Jimmy Buffett, Michael Jackson, and John Lennon.

All in all, Palm Beach is a small community that offers residents a wonderful quality of life!

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