Fort Lauderdale commercial rental properties can be a profitable source of income, and to maximize their effectiveness, owners need to consider potential legal issues which might impair their profitability.

We’ve put together some common problems that might be prevented if you consult a Fort Lauderdale real estate attorney.

Fort Lauderdale Leasing Agreements Are Complicated

Subject to both property and contract law, rental agreements can be very complex arrangements that protect both tenants and landlords.

It’s essential to have a properly crafted agreement, as courts usually construe a poorly written contract against the drafter.

Additionally, regardless of their presence (or not) in the agreement, courts will typically recognize implied warranties — these warranties protect both lessors and lessees.

Fort Lauderdale Title Issues

Performing due diligence is very important during title search, and your failure to do so may make you responsible for certain title defects in your deed — encumbrances such as liens, mortgages, and easements that can negatively affect a title.

Fort Lauderdale Mortgage Foreclosure

If you’ve acquired property not realizing it is subject to a first mortgage or other unsatisfied debt (mortgage deficiency), the first mortgage lender may foreclose even though you make your mortgage payments. This scenario is all too familiar with inexperienced buyers at foreclosure sales.

Our Fort Lauderdale real estate attorneys have the experience and knowledge to properly draft commercial and residential leasing agreements.

If you have questions regarding any Fort Lauderdale commercial or residential property concerns, please give us a call at 954-762-2555.