When a Florida lease ends and the tenant stays, they are either a tenant at sufferance or at will. Knowing which one a tenant is considered under the law is crucial to knowing what your obligations are for evicting the tenant because a tenant at sufferance requires no notice while a tenant at will requires you to follow very specific notice and procedural requirements.
Before signing a commercial lease in Tampa, a landlord should conduct due diligence on tenants, decide on the lease structure, and clearly define terms relating to rent, maintenance, permitted use, and default provisions. Taking these steps reduces risks, enhances profitability, and ensures compliance with applicable laws, including the Fair Credit Reporting Act.
A lis pendens is a public notice indicating that there is pending litigation involving a property. While a lis pendens does not prevent the sale of the property, it is intended to warn potential buyers and can cloud the title to the property. In Florida, a lis pendens expires after one year unless extended by the court if it is unrelated to recorded instruments such as mortgages or construction liens.
Understanding the difference between leasing and purchasing commercial equipment is crucial for business owners. Equipment sale agreements outline the rights and obligations of both parties when equipment is sold, while commercial equipment lease agreements, including capital and operating leases, allow lessees to lease equipment for a specific period.
