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November 2017 Archives

What are the pros and cons of buying your own commercial space?

In the past few years, interest rates have been at the lowest level in years. It's definitely led many companies to wonder if maybe it's time to do away with their expensive commercially leased properties and perhaps buy their own space themselves. If you're considering ownership of your own commercial real estate property, then you'll want to take into consideration a number of factors before you sign on the dotted line.

What is an easement and how can it be terminated?

The word easement is used to refer to an instance in which you may have access to a property that another person legally owns. As an example, an electric company may have an easement in a new home community to allow their workers to drive into it and establish service. Also, if you and your neighbor share a driveway, then an easement may exist that allows you both to traverse a portion of each other's properties to reach your own.

Florida Capital City lawsuit over condo association dues

Homeowner Associations or Condominium Associations are developed to protect property owners by having specific bylaws, rules and regulations that go along with ownership. Being a member of an association gives you the right to ensure that all other members of the association, as well as yourself, are fulfilling their obligations to maintain a set of agreed-upon standards.

Dealing with a breach of contract in Florida

No one is an island, and it takes teamwork and cooperation to get the greatest projects done. With the continuing construction boom in Florida involving skyscrapers in Miami and thousands of new housing units across the northern part of the state, good understanding between owners, contractors and workers has never been more important.

3 tips for closing a real estate deal

Closing a real estate sale can be a mind game. You have probably had the experience of moving through your sales presentation smoothly and enticing your prospect, but things go awry when you come to the close, which can be quite frustrating to deal with.

Plan carefully when going against a homeowners' association

Some neighborhoods have a homeowners' association (HOA) that governs what is allowed in the neighborhood. You might find that it is difficult to have to stand up against these associations when they are breathing down your neck.

Resort company moving forward with construction project

There are a plethora of real estate projects underway in Melbourne, Florida, a popular area which draws new residents from across the country. Of course, there are many complexities involved with those projects, and it only takes one going wrong for one of the people involved to pursue real estate litigation. Fortunately, however, differences can sometimes still be resolved outside of court with the help of capable attorneys.

The role a fiduciary plays in managing your estate

When it comes to administering a trust, the responsibility of making decisions regarding it falls on a fiduciary's shoulders if you're unable to render decisions yourself. Fiduciaries are oftentimes lawyers, financial planners, realtors, accountants or mortgage brokers. They're expected to administer your trust with the utmost degree of integrity and fiscal responsibility and in alignment with your wishes and not their own.

Don't overlook signs of a bad commercial property investment

As people interested in building a nest egg for the future, many of us tend to become excited about potential investment opportunities. This is particularly so for new or first-time investors. However, when you are in the middle of commercial property closings, it is a bad time to start wondering if you have made a mistake.

How to recover from a breach of contract

Anyone who has bought, sold or leased a property knows the importance of having a contract. Contracts are legal document that affirm important choices for the purchasers and the sellers. They legitimize the event for all parties and also for the state.

Take care when planning your case for real estate litigation

Real estate litigation can encompass a variety of cases. Each type of case has its own points that must be considered. If you are facing any situation that could lead to litigation, you should take the time to learn about the possible ways that you might respond to the issue.

Doctors need to understand noncompete contracts

There are many physicians currently working in Melbourne, Florida, and many more who would like to be. When they work for a clinic that they do not own, they typically sign a contract, and that contract may include a non-compete clause. This will affect the work that the physician can do when they leave the clinic, either to work for a different clinic or to start their own independent practice. If they violate the terms of the noncompete clause, they can be sued for breach of contract.

When can I walk away from a home purchase contract?

You may assume that pulling out of a real estate sale or purchase is virtually impossible to do. There are circumstances, though, in which either a buyer or seller may pull out of the contract, each with their own respective penalties for doing so.

Considerations for a strong estate plan

Estate plans are an excellent way for individuals to ensure the proper distribution of their assets after their passing, as well as denote their care in case they become incapacitated. Especially for individuals with large estates or complex assets, an estate plan may be essential to meet their final wishes.

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