Empower buyers’ rights with specific performance of real estate contracts for effective transaction enforcement and overcoming seller refusals. Gain legal expertise in Florida’s real estate scene.
Post-pandemic commercial leases require updated force majeure clauses, termination rights for affected tenants, and rent relief provisions for flexibility and fairness. Protecting both parties, these clauses adapt to a changing business landscape.
When a real estate contract fails to close, disputes over the binder deposit may arise. In such cases, an escrow agent can initiate an interpleader action, seeking court intervention to determine who is entitled to the funds, while recovering their attorneys’ fees and costs. Understanding this process is crucial for all parties involved in failed real estate purchases.
Uncover the complexities of failed real estate transactions and disputes over binder deposits. Learn who gets the deposit, mediation requirements, and the role of interpleader actions.
Imagine making a loan to a business for its use as start-up capital. Loan documents are drafted, and to secure payment, you retain an option to purchase equity in the company. If the company doesn’t pay on time, you may have the option to take control of the company. The […]
When the deal is done and the parties shake hands, people are mostly optimistic that the other party will perform as agreed. It’s typically only when something goes wrong, that’s when the parties will look to the terms of the written agreement to determine who is liable. It happens more […]
When a building owners hires a contractor to construct a building or other construction project, the contractor is often significantly more experienced when it comes to the ins and outs of the construction contract as well as the overall construction process. Oftentimes, a building owner may simply accept the contract […]
The first half of this series evaluated options available to lenders prior to instituting a commercial foreclosure action. The second-half of this series has evaluated available options to lenders during the pendency of the foreclosure action. Since there are additional considerations for lenders dealing with lending to hotels, restaurants and […]
As discussed in parts 1-4 of this series, lenders have several options prior to instituting a commercial foreclosure action. Additionally, as briefly discussed in part 5 of this series, during the foreclosure action, lenders have options to try to preserve the value of the underlying collateral and to minimize further […]
Sometimes, foreclosure of a commercial property is the only option available to lenders and servicers to limit losses as a result of defaults on hotel and restaurant mortgages. Parts 1-4 of this series discussed pre-foreclosure options available to lenders dealing with hotel/restaurant mortgage defaults. This article provides a high-level overview […]