Real estate transactions represent some of the largest financial transactions entered into by individuals and businesses. Given this, it’s crucial everyone involved understand their obligations and rights, thus helping to ensure interests are protected.

Fort Lauderdale Business Law Attorneys

By entering into a real estate transaction, sellers, buyers, lessors, and lessees all are vested and have individual rights and responsibilities.

Due to the complicated paperwork involved in a real estate transaction, it’s advisable to consult with an experienced attorney. A competent Fort Lauderdale real estate attorney can assist with negotiations and due diligence, review contracts, help secure financing, and assist throughout the process of closing the deal.

Why Should I Consult a Fort Lauderdale Real Estate Lawyer?

It is advisable to consult a Fort Lauderdale real estate lawyer:

• When purchasing a commercial or residential property. Your attorney can help negotiate and protect your interests.
• Selling real estate opens up the possibility of potential legal liability. Your Fort Lauderdale real estate attorney can review the contract, draft protective clauses, and optimize favorable terms.
• When leasing residential or commercial property, your lawyer can oversee the lease terms (can your landlord rent space to competitors, etc.) and help negotiate the end of lease parameters.
• When you’re renting your residential or commercial property, protection of your interests is critical — who is responsibility for the utilities, apportioned repair costs, etc. Also, it’s crucial to make sure the lease complies with all Florida landlord/tenant laws.
• When securing financing, your attorney can review terms and agreements, which will help you make more educated decisions.

The bottom line? You should seek legal advice from a qualified professional with experience in real estate law before you sign on the dotted line.

Understanding Your Rights and Responsibilities

Before entering into a real estate transaction, you should consult with an experienced Fort Lauderdale real estate attorney to:

• Understand your rights. Even a straightforward deal can be tricky. For instance, you just bought a property, but are you aware of city easements or public right of way. An experienced attorney will help you correctly understand what you’ve bought, sold, or have to sell.
• Understand the terms. A real estate deal creates obligations. For example, suppose you purchased a residential house where work was performed without permits. Your Fort Lauderdale real estate lawyer can help you to fully understand the the potential problems that may arise and work to find a solution.
• Do the due diligence. Your attorney can help with title searches, searches for zoning restrictions, deed restrictions, easements, and other limitations on property use; it’s important to be able to use the property as intended. Additionally, you have to get a handle on any potential liabilities you may otherwise unknowingly incur.

About The Herman Law Group, Attorneys at Law

We are Fort Lauderdale Real Estate attorneys providing efficient and effective legal representation to businesses in Fort Lauderdale, and surrounding South Florida communities We provide general counsel services and are knowledgeable in all areas of real estate transactions.