In Florida, there are 3 basic types of commercial tenancy agreements. The leases are organized around two methods of rent calculation, namely gross and net. A net lease has a smaller base rent and the tenant pays all other expenses. A gross lease means the tenant pays a lump sum for rent and the landlord [...]
Nonprofit organizations often find it difficult to generate enough funding to stay above water. Especially in today’s challenging financial times. One strategy nonprofit companies employ to generate income is through for-profit ventures. It’s certainly a do-able arrangement. However, both federal tax codes and the law place limits on how nonprofits can coordinate with for-profit businesses. [...]
When it comes to renters, Florida has one of the highest populations in the country. Of the 19 million people living here, more than 2 million are renters. While the state boasts one of the largest populations of tenants, the landlord-tenant law in Florida is somewhat vague for landlords trying to get their rent. Knowing [...]
When your small business applies for a bank loan, and it’s approved, the loan agreement will likely contain loan or restrictive covenants. It’s simply a statement between lender and borrower stating that your small business can and can’t do certain things while you’re paying on the loan. If the bank considers your business high risk, [...]
An argument over real estate property and boundary lines can cause a great deal of uncertainty. Perhaps you and your neighbor have different expectations in terms of boundary ownership. A common type of boundary dispute is called technical causes. When you are embroiled in a technical boundary dispute, it means your neighbor’s deed indicates possession [...]
Around the country, families are turning to different forms of debt relief to keep their properties and avoid bankruptcy. In the second quarter of 2018, more than 188,000 people filed for foreclosure. There’s no denying that foreclosure is traumatic for everyone, not to mention the fact that it can lead to a bad credit score. [...]
It’s human nature not to want to plan ahead for things we’d prefer to avoid, like illness or death. Yet, 42% of Americans have a friend or relative the suffer from a terminal illness. There might just be a time when you need someone to step in and take care of your health care decisions. [...]
Isn’t “Results Oriented” A Buzzword? What does it mean to be “results oriented?” On the surface, it sounds like a click bait phrase employed to make a simple idea--focus as a positive quality--into a multi-syllable buzzword. Unfortunately, a lot of so called professional blogs, sites, and social media pages are very “results oriented” when the [...]
What Is Bankruptcy? Bankruptcy is a method--put in place by federal law--for individuals and businesses to discharge their debts. Bankruptcy can be confusing as certain kinds of debts cannot be discharged, while other kinds may only be disposed of subject to special terms and conditions. If a person can prove that they are bankrupt, however, [...]
What Is A Trade Secret? A “trade secret” is a little like McDonald’s “special sauce” or Kentucky Fried Chicken’s “11 secret spices.” For a fast food restaurant, it’s an ingredient or recipe--for a real estate agent, it might be a sales formula or lead-generation system. In the Fortune 500 context, Tesla’s new battery technology or [...]
