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September 2018 Archives

3 legal tips for commercial property owners

Owning commercial property can be rewarding both financially and emotionally. However, while being a commercial landlord may come with certain benefits, it is often fraught with challenges. It is common to experience some legal issues during the course of your ownership.

Florida court overturns construction litigation suit

Florida's 4th District Court of Appeals has overturned a verdict favoring a home builder in a lawsuit, meaning a case filed by a group of homeowners alleging construct defects have affected their properties can go on.

Problems with real estate transactions must be addressed

Purchasing real estate is a big expense. It is imperative that you have everything in order when you make this purchase. One thing to remember is the importance of some of the paperwork in these cases. We recently discussed some of the disclosures that are required in Florida. When any requisite disclosures are missing, there is a chance this omission could lead to legal action.

Property owner in Florida files breach of contract claim

Florida homeowners buy insurance coverage for their home because -- in addition to providing a roof over their heads -- it usually represents the single most valuable possession they have. Homeowners insurance policies exist to protect real estate investments and prevent homeowners from losing their homes in the event of an unexpected calamity.

What disclosures must all Florida property owners make?

When a seller is looking to generate interest in their property, they often make concessions to move the process along. They may offer to make repairs or to upgrade appliances, to pay closing costs or homeowners' association fees or offer a home warranty. Others simply competitively price their homes. While these can help get a home sold, sellers are required to make certain disclosures as required under Florida law.

What is a Ponzi scheme?

Ponzi schemes abound, and many people end up falling victim and losing money through them. Fortunately, the perpetrators of these schemes usually come to justice eventually. Take one recent case in Florida where police arrested five brokers for swindling investors out of $1.2 billion in a Ponzi scheme. 

Florida teacher says school district breached his contract

A U.S. District Court judge has ruled that a teacher in Lee County, Florida, can proceed with his breach of contract claim against the school district, superintendent, principal and chief of the human resources department.

When should I update my trust and estate plan?

Your estate plan is not something you can create, dot the I's and cross the T's, then put it in a drawer and forget about. In fact, trusts and estate plans should be reviewed every several years -- or preferably on an annual basis -- to ensure that they perfectly reflect the wishes and needs of the people they affect.

Commercial property closings must be handled carefully

Finding the perfect property to buy for your business is exhilarating and frightening all at the same time. You are probably excited about the possibilities that the property will offer your business but you are concerned that something is going to go wrong before closing. This is understandable but learning a bit about the process and what to expect might help you feel a bit less stress.

What can I do if my business partner and I don't agree anymore?

When we're talking about any type of relationship, for most, it's going to be at its best during the honeymoon period. Once that passes, realities set in. Partners who have conflicting approaches to operating their business often end up in court.

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