Many real estate disputes start when a buyer realizes that the property they thought they were buying doesn't meet their expectations. It is particularly frustrating when a person was counting on using a piece of property in their business, and it turns out that the property has a serious defect like bad plumbing or electrical wiring issues.
One of the important steps of a commercial real estate transaction in Florida is ensuring that the person or business buying or building the property has what is called "clean title" to the property. In a nutshell, clean title means the one who buys the land does so without having to worry about the claims of another party, including other purported owners, holders of easements and lenders or creditors with unsatisfied liens on the property.
The residents and business owners in Broward County, Florida, remember the boom times of the late 2000s and the catastrophic economic crash that started in late 2008. The crash caused a financial fallout which rippled through all of the Florida economy and, in particular, affected real estate values.
The Fort Lauderdale market for residential property near the coastline is not showing any signs of coming to a screeching halt. However, there are some who are predicting that down the road, thanks to climate change, the property market on the coast will "dry up" even before the sea level rise actually forces people inland.