What are the key documents use in the purchase and sale of real estate
Florida law requires that all real estate transactions must be evidenced by a writing. So a handshake agreement to buy or sell property is not enforceable in Florida.
Residential property purchases are commonly regulated and documented by a standard contract developed jointly by the Florida Bar and the Board of Realtors. It is called the FarBar contract.
Commercial property is unique as compared to residential real estate. There is no standard approved form for such transactions. They are specially crafted by real estate attorneys who practice in the transactional arena.
Real estate services of the Law Office of David Steinfeld
The Law Office of David Steinfeld regularly handles real estate contract disputes and litigation concerning landlords and tenants. But the Firm does not perform closings or provide title insurance. The Firm refers those to local attorneys who do that type of work.
Chapter 83 of Florida’s Statutes is the Landlord-Tenant Act. That defines the obligations applicable to landlords in residential tenancies. However, the obligations of landlords and tenants in commercial rentals is largely governed by the terms of their written lease. The Law Office of David Steinfeld reviews commercial leases to assist and guide businesses in renting space for their operations.
Real estate investment LLCs
Real estate is considered a business in Florida. Lawsuits over real estate are even covered in the business litigation board certification exam.
While many people purchase a home in which to live, others buy for investment. This is done in their name or through a business entity, which may involve several investors.
Properly structuring a business for real estate investments is a service that the Law Office of David Steinfeld regularly offers.
The Palm Beach Business Lawyer Blog
Board Certified expert in Florida business law, David Steinfeld has almost 25 years legal experience.