With its’s dazzling sunsets, gorgeous coastlines, upscale dining and shopping options, and magnificent luxury properties, the Palm Beaches have long been considered to be one of the most sought-after places to buy real estate in the country. Today, changes in the tax code have led to a residential migration of more affluent buyers from tax-burdened states into the Palm Beach area. Not surprisingly, many businesses and corporations are following suit and setting up operations in and around these communities. With all of this growth, there appears to be ample opportunity for commercial real estate ventures.  However, before signing on the dotted line, it’s vital to know: What matters during your Palm Beach commercial real estate transaction?

Research Local Issues Beforehand

 As a commercial buyer, it’s essential to conduct market research and take other steps to do your due diligence to ensure the purchase is a wise investment. Part of your inquiry should be into the seller, their history of dealings in the area, past legal disputes, and any other reported problems with the property. Although some issues, such as title conflicts or major lawsuits will be on record, others, such as a seller’s dubious business dealings that don’t quite cross the line into litigation, may not be public knowledge. One way to learn more about potential problems is to consult with a local Palm Beach real estate attorney. As an area professional, your counsel can offer invaluable insight regarding any known past issues with the property, as well as any prospective legal issues.

Understanding Permits and Zoning

Generally, Palm Beach has a pro-business culture and can be an excellent place to establish a commercial venture. However, as with most South Florida cities, doing business here is not a mere matter of signing a lease or purchase contract and setting up shop. There are municipal regulations such as, obtaining a business tax receipt, complying with zoning, and following signage requirements, that a business owner must observe to operate within the Town of Palm Beach lawfully.  By working with a local real estate attorney during your commercial real estate transaction, you can learn about these and other requirements and ensure that you comply.

At Rabideau Klein, Guy Rabideau, Esq. and David E. Klein, Esq. are dedicated, Florida Board-Certified Real Estate Attorneys with the local expertise and experience you need to ensure that your interests are protected during your Palm Beach commercial real estate transaction. Contact Rabideau Klein today to discuss your real estate legal needs.

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