What's happening in commercial leasing? The online property marketplace firm Ten-X has done some deep research into the commercial real estate market from both a national and a local perspective, and its findings are interesting. First, perhaps, is this: Ten-X states that a marked division exists across the country regarding what is going on in the office sector versus apartment leasing, respectively.
Florida commercial leases trip up many a landlord and many a business tenant. Here's an important point regarding one of many stark differences between a residential and a commercial lease: Commercial lease tenants are accorded fewer consumer protections if things go wrong down the road.
Up until the End of 2014, legitimate tenants were protected by Federal law if their landlord was in foreclosure and the house was sold at foreclosure sale (often without the tenant's knowledge). This law was called the "Protecting Tenants at Foreclosure Act of 2009." Unfortunately, it expired December 31, 2014. Recognizing that this situation remains a problem for hard working Florida citizens who rent a house or condo from owners in foreclosure, the Florida Legislature passed a law, effective June 1, 2015, which provides similar protections to tenants. The statute is short and to the point, you can read it at: