Managing the process of buying a commercial property

Florida’s burgeoning and diverse economy includes a huge amount of real estate, from store lots in Miami to large farms outside Orlando. Residential real estate transactions occur faster every year, and commercial property sustains businesses through owners and generations.

Attorneys with commercial real estate experience are fully aware of the complexities of commercial property purchases and sales. Buyers, sellers, real estate agents, lenders and business owners may avail themselves of legal representation to avoid later disputes and losses.

Once an initial property sale contract has been signed by the buyer and seller, the lender (if the transaction is financed) or agent (in the case of a cash transaction) will submit a request for title to the closing attorney chosen by the buyer. That request will include the sale contract.

This should begin the processing phase. Tax information for past and current years may be required, as well as loan payment statements to show the financial condition of the buyer. Physical surveys, inspection reports and evidence of hazard insurance are also often required.

The title will be searched in the Florida county where the property is located, and any claims related to the property will be examined by a title insurance underwriter. Any information will be included in a title report to the closing attorney.

The closing attorney will then inspect the report and issue a title commitment to the buyer. The attorney will also find any issues that must be resolved before the transaction can be completed legally.

Source: Federal Title and Escrow Company, “Real Estate Closing Procedure in Florida,” Matt Bales, accessed Sep. 26, 2017

Archives

To Our Valuable Clients:


The federal government has recently enacted legislation to assist citizens and businesses facing uncertain financial challenges due to COVID-19. We are here to help answer questions and guide you through the details of the various processes to procure financial assistance from our government. The acts are very new and more will probably be coming. But they currently provide for dollar for dollar tax credits for payroll for COVID19 related payroll, cash advances and loans that have tremendously favorable terms and in some cases, total forgiveness of the debt.

Please stay as safe as possible during this terrible crisis and if we can help you with questions about the new federal assistance laws, please contact us.

We Can Tailor A Solution To Meet Your Needs.


  • Fields marked with an * are required
  • Disclaimer | Privacy Policy
  • This field is for validation purposes and should be left unchanged.

  • Fields marked with an * are required
  • Disclaimer | Privacy Policy
  • This field is for validation purposes and should be left unchanged.