What legal steps should I take before entering into a commercial real estate agreement?
Before entering into a commercial real estate agreement in Florida, it is important to take several legal steps. These include: 1. Researching the Property - You should research the property you are interested in, including but not limited to its zoning laws, title history, and any outstanding local debt. You should also consult your attorney and request a title search and title insurance policy. 2. Hire a Real Estate Attorney - Even if you are an expert in real estate law, it is always a good idea to consult with a real estate attorney. An attorney can help you avoid legal pitfalls, provide advice on the terms of the agreement, and explain your rights and duties under the contract. 3. Review the Lease Agreement - Before signing the lease agreement, it is important to thoroughly read the entire contract and ask your attorney any questions you may have about the document. Make sure the agreement is in accordance with the law and does not contain any hidden clauses that could be detrimental later. 4. Negotiate and Finalize the Agreement - Once you and the landlord have agreed to all of the terms in the agreement, it is important to get the agreement in writing and make sure all parties sign it before moving forward. By taking these legal steps before entering into a commercial real estate agreement, you can protect yourself and your business from future legal complications.
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