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Commercial Real Estate Archives

Declaring a condo in Miami

Condominiums are popular in many parts of Florida, and Miami is no exception. This type of ownership could potentially provide benefits to long-time renters, investors and property owners. Whether converting an existing building to condos or working with new construction, stakeholders would have to complete several steps. One of the most significant actions is completing a declaration of condominium.

Understanding a commercial lease

Potential commercial lessees in Florida should be aware of the fact that unlike a residential lease, a commercial lease can be, and often is, quite lengthy and complex. In addition, as FindLaw explains, a commercial lease differs from a residential lease in that it contains numerous terms that the lessor and lessee negotiated.

What are the requirements for a property manager?

If you own commercial real estate in Florida, you may have big ideas on how to make it work for your financial bottom line. However, working on the big picture may leave little time for managing the property. This is where property managers come in. They can tend to the day-to-day details of taking care of your investment, leaving you to put your energies elsewhere.

How do you change zoning ordinances?

Getting an attractive property zoned for your ideal use in Florida might be a relatively simple matter. It may also require you to expend significant effort. How far you decide to pursue the process might depend on various factors, primarily the value the location represents and the resources you have available.

What are pros and cons of asset-based lending?

If you are looking to secure business financing in Florida to grow your commercial real estate company, asset-based lending is one possibility to obtain working capital. According to the U.S. Office of Treasury, asset-based lending refers to a credit line that can be offered from a lending or financial institution based on assets owned by the recipient that are pledged as a source of collateral.

Seeking zoning law variances

Most developers understand that if you build anything over two feet tall in the wrong part of Miami, you are likely to have to deal with issues regarding zoning laws. Such ordinances are needed, yet in may cases, some would argue that they are either misguided or outdated. Many clients have come to us here at Welbaum, Guernsey, Hingston, Gregory and Black, LLP frustrated over having zoning laws impede the progress of their projects and wondering what can be done to address them. If you are dealing with a similar conundrum, you will be happy to know that there are avenues that may allow you to complete your development in your desired area. 

Small businesses and commercial mortgages

Small business owners in Florida who are looking to purchase property for their company's use will typically need to take out a commercial mortgage. Because small businesses often have less capital and fewer assets than larger corporations, there are alternative options available for eligible companies.

The basics of zoning

Understanding the zoning laws and regulations in Florida is necessary if you are preparing to construct or purchase a commercial real estate property. We at Welbaum Guernsey have experience with this type of construction and can advise you on the details that this type of project entails, including the specific zoning requirements. 

What is an easement and how does it affect my property?

If you are purchasing property in Miami for commercial purposes, there may be terms that pop up that you are unfamiliar with, especially if this is your first large property deal. For example, a title search may reveal that there is an easement on the land you are buying. Here is what you need to know about easements and what they mean for you as a property owner.

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