Monthly Archives: May 2018
Understanding Your Options: Three Types Of Tenant Option To Purchase That May Be Included In Commercial Leases
Many landlords are reluctant to grant tenant option to purchase in a lease agreement. That’s because the options may disincentivize other potential buyers or cause delays in the landlord’s negotiation of a sale. Still, landlords may grant options to purchase … Read Full Post
Why Your Association Needs to Compel Release of Mortgage Information When a Unit Faces Foreclosure
Board members of any condominium association are no doubt familiar with the following scenario: a unit owner gets behind on his assessments and refuses to bring his balance current; the association records a lien against the unit and, when that … Read Full Post
Work A General Contractor Can Self-Perform In Florida
The Florida Legislature deems it necessary in the interest of the public health, safety, and welfare to regulate the construction industry in Florida. As a result, the Florida Legislature enacted Chapter 489, Florida Statutes. Florida Construction Licensing is further broken … Read Full Post
Coming to Terms: Important Issues and Considerations in Drafting M&A Agreements — Part III: Indemnification
The indemnification provisions are among the most heavily negotiated portions of a purchase agreement, yet business owners may be tempted into thinking they are simply something lawyers like to argue over without realizing their importance. The indemnification provisions deal with … Read Full Post
Public Construction Projects in Florida: Bond Claims and Bond Requirements
Any person or business performing construction work on a state, county or city project in Florida (“public project”) is typically concerned about payment for its work. Since those persons or businesses do not have construction lien rights on the public … Read Full Post
2018 Legislative Changes to the Florida Cooperative Act
On March 23, 2018, Governor Rick Scott signed into law the 2018 legislative changes to the Florida Cooperative Act (Chapter 719, Florida Statutes). These changes become law on July 1, 2018. This blog post provides a detailed summary of these … Read Full Post
Heads Up Contractors—“Living Wage” Ordinances Recently Enacted by some Florida Municipalities
A few Florida municipalities recently enacted so-called “Living Wage” ordinances. For instance, such ordinances have been adopted by Broward and Alachua counties, and the cities of Miami, West Palm Beach, and St. Petersburg. In sum, these ordinances require certain contractors … Read Full Post
2018 Legislative Changes to the Florida Homeowners’ Association Act
On March 23, 2018, Governor Rick Scott signed into law the 2018 legislative changes to the Florida Homeowners’ Association Act. These changes become law on July 1, 2018. This blog post provides a detailed summary of these statutory amendments affecting … Read Full Post