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Commercial Real Estate Transactions - Part XI

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Does the radon gas disclosure have to be given to a buyer where the transaction involves the sale of vacant land?

Pursuant to Florida law, the radon gas disclosure is not required for transactions involving unimproved properties.  However, this disclosure is required on at least one document, form, or application executed at the time of, or prior to, a contract for sale and purchase of any building or execution of a rental agreement for any building.

To view the above discussion on video, visit http://schecterrealestatelaw.com/does-the-radon-gas-disclosure-have-to-be-given-to-a-buyer-where-the-transaction-involves-the-sale-of-vacant-land/ as featured on Law.TV.

I have heard the term hazardous waste clean-up.  What does it mean?  RES-1172

The term hazardous waste clean-up means the removal and cleaning of certain hazardous materials, as that term is defined by state and federal authorities, from property.  Hazardous waste clean-up can be extremely expensive. For those reasons, especially for buyers of commercial property, and depending on the nature of the property being purchase, it may be prudent to obtain an environmental site assessment on property as part of your due diligence.

To view the above discussion on video, visit http://schecterrealestatelaw.com/i-heard-the-term-hazardous-waste-clean-up-what-does-it-mean/ as featured on Law.TV.


Published In: Commercial Law & Contracts Updates, Environmental Law Updates, Commercial Real Estate Updates, Zoning, Planning & Land Use Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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