Commercial Real Estate Lawyer

The Residential Real Estate Contracts in Florida

Whenever a residential property is sold for value, some sort of real estate contract, outlining the rights and duties of each party, will be drafted and signed. In the past, every attorney and every real estate broker had some type of preferred contract to be employed in residential transactions. Fortunately, things have changed and It is now common practice in Florida to use one of the two standard residential contracts jointly developed by the Florida Bar and the Florida Realtors.
Commercial Lease Lawyer

The 1031 Exchange of Like-Kind Properties

Section 1031 of the Internal Revenue Code provides for the postponement of the tax liability for the gain in the sale of investment and business property. Under Section 1031 you can sell an investment or business property without paying tax for any gain resulting from the sale, provided you exchange the property being sold for a like-kind property of equal or greater value than the one you are selling. The gain deferred under a Section 1031 exchange of like-kind properties is tax-deferred, not tax-free.
Real Estate Contract Lawyer

The Enhanced Life Estate Deed (Lady Bird Deed)

The State of Florida is one of the few states that recognizes a fairly recent development in real estate law: The enhanced life estate deed. This deed has become an extremely popular estate-planning tool because of its many advantages and flexibility. So, what is it? How is it created?