In terms of design, layout, use, and lease terms, commercial properties differ significantly from residential ones. Additionally, state legislation governing these types of assets differ. There are well-known legal concerns that may arise as a result of these significant differences during a commercial lease.

The following are the most common issues that arise with commercial leases.

Land Use Authorization and Zoning

Residential properties serve a singular purpose, whereas commercial ones provide multiple functions. Certain operations may be governed by state-specific regulations. 

Property Taxes

Depending on the kind of business renting the space, these are frequently more expensive than residential taxes.

Property Insurance

Disputes over insurance are common; in fact, they frequently rank among the top problems that businesses’s face when signing commercial leases.

Ownership Disagreements

These include title, ownership, and lease conflicts.

Border Disagreements

There could be disagreements in some areas concerning the exact location of the property’s boundaries.

Sales and Purchasing

This covers breach of contract, commercial disputes, and failure to use the property in accordance with the terms and conditions specified in the lease.

Whether you are the landlord or the tenant, contact a M&A Attorney in Miami if you are having problems with your commercial lease.

Alvarez & Diaz-Silveira LLP is a corporate law firm in Miami, focusing on international and domestic M&A, finance, real estate and corporate immigration. For more information, visit us online or call (305) 740-1940.