If you are new to the real estate world, the legal jargon of realtors and lawyers may sound overwhelming. Whether selling or buying real estate, you must understand the legal terminology to better comprehend the buying and selling process. Even though “title” and “deed” are closely related, they are not similar. Today, we are here [...]
The sale or purchase of commercial real estate can be riddled with innumerable legal pitfalls for those who do not have a qualified legal aide by their side. Commercial real estate attorneys specialize in scrutinizing details of every legal agreement pertaining to real estate sales and purchases, protecting the rights of their clients, and ensuring [...]
The real estate closing process, also referred to as ‘settlement’ or ‘escrow,’ is the final step in the property buying process. Once it’s complete, the property is officially in your ownership. Before entering a deal, it is essential to have a thorough knowledge so you are sure to complete a smooth and efficient transaction. Here [...]
The Florida Supreme Court established the board in 1982. The Board recognizes the attorneys’ special knowledge, skills, and fluency in various aspects of law and professionalism and the required discipline to practice them in the state. It is important to remember that not all attorneys in Florida are trained alike. Studies show that a mere [...]
Residential tenancy in Florida is governed by the Florida Residential Landlord and Tenant Act and the language that has been used in the lease agreement. These two, together, define the duties of a landlord to the tenant and define the legal rights of a residential tenant. A complication usually arises when a landlord is either [...]
Operating a successful business is not a cakewalk. Business owners must make wise decisions for their businesses, considering the longevity of their operations. Moreover, operating a successful business, in the long run, demands you to make wise decisions at the right time. If your business is no longer profitable, or as a business owner, you [...]
On several occasions, when two parties enter into an Agreement of Purchase and Sale, there can be a breach of agreement where the buyer fails to carry out a transaction. This is usually when the buyer fails to secure the required funds. In such a case, the seller is entitled to any loss of profit [...]
Having an estate plan is beneficial as it secures your assets and ensures that they are passed to your beneficiaries in the manner you want. However, materializing an estate plan in Florida doesn’t happen at the snap of your fingers. You need to verify essential details and ensure that all the documents are aligned according [...]
Lease-option to purchase is a popular financing instrument in Florida. In this rental agreement, the prospective buyer has the right to buy a property at the end of a specific period and under certain conditions. However, every state has different laws about the lease option to purchase. To truly capitalize on the benefits of the [...]
Can I cancel the real estate contract I have signed? This is a question commonly faced by most Fort Myers real estate lawyers. It is not uncommon for a purchaser to have second thoughts after signing a real estate deal. Several states have a provision that allows purchases to withdraw from a deal after signing [...]