Fort Lauderdale Real Estate Contract Lawyer
When you purchase or sell a property, you must have a written contract for the transaction to be legally binding in Florida. Both residential and commercial real estate transactions can be complicated and have many provisions. Some of these are not necessarily easily understood if you don’t have a legal background. That is one reason why retaining the services of an experienced Fort Lauderdale real estate contracts lawyer is so important. Your attorney can explain all the contract provisions and ensure the other party isn’t adding unfavorable terms.
Hiring an attorney like Edward J. Jennings, P.A., means you have a legal advocate on your side should things become more complicated or problems develop. We have years of experience with Florida real estate matters and can help make sure you are getting the deal you want.
What a Florida Real Estate Contract Lawyer Will Do
Understandably, you may not be aware of how much a Fort Lauderdale real estate contract lawyer can do during a purchase or sale. For example, typical duties include:
- Reviewing all the documentation that relates to the sale, investment, or rental of a residential or commercial piece of property
- Evaluate any obligations related to the property, such as liens, covenants, easements, etc.
- Draft, review, and explain the contract, including what your rights and obligations are under each of the provisions
- Identifying possible problems with the contract and working to negotiate more favorable terms
- Draft all other documentation required to close a real estate transaction successfully
It doesn’t matter whether you are the seller or the buyer in this real estate transaction; an attorney can still help. We routinely represent both buyers and sellers of residential and commercial real estate in and around Fort Lauderdale. We will walk you through the entire process and protect your rights every step of the way.
Breach of Real Estate Contract
Sometimes you may need a real estate contract lawyer because the other party breached an existing contract. Florida law allows you to pursue financial damages if the other party breaches a sales contract. For example, a buyer who breaches the contract may be calculated as the difference between the price in the contract and the market value. You will deduct any deposits and other money the buyer already gave to you as the seller.
In some cases, you may be able to bring a lawsuit for specific performance, although that is used more often when a seller breaches a contract, not the buyer. Specific performance is where you ask the court to force the breaching party to fulfill their contractual obligations. The judge would order a seller to go forward with selling the home to the buyer. The reason specific performance isn’t often awarded against the buyer is the buyer would just say they no longer have the financial resources to pay for the home.
Contact a Fort Lauderdale Real Estate Contract Lawyer
If you need assistance with a real estate transaction in Florida, let the Fort Lauderdale real estate contract lawyers at Edward J. Jennings, P.A., help. Contact our office today to schedule a consultation and learn how we can help.