Real Estate

Capable of handling the full spectrum of real estate issues, we offer comprehensive counsel and assistance during the purchase, sale, and leasing of both residential and commercial properties. We also provide banks and creditors, investors, and others with assistance in real estate litigation, mortgage financing, and the acquisition of investment property. Whatever your particular needs and goals may be, our firm has exemplified a high level of ability and success that continually benefits our clients.

Condo/HOAOur firm’s practice of Community Association Law covers all aspects and matters that may arise. We have assumed the role of general counsel for homeowners’ associations, condominium associations, cooperative, and time shares across the state of Florida. Below are some of the specific areas we have successfully assisted clients with:

  • Collections, liens, and foreclosure
  • Drafting and amending of governing documents
  • Litigation and covenant enforcement
  • Corporate representation
  • Local government matters
  • Premises liability

Real Estate Development The undertaking of a specific type of development project requires representation that can navigate the various nuances associated with the particular project. Our firm has assisted clients with projects such as residential apartment complexes, condominiums, single family housing communities, office buildings, shopping centers, retail, industrial parks, hotels and resorts, and golf courses. We have advised clients in many aspects of projects including:

  • Land use and zoning
  • Financing
  • Buying and selling
  • Leasing
  • Conversions of residential and commercial properties
  • Construction
  • Litigation
  • Insurance
  • Eminent domain and condemnation
  • Closings

Closings- Board certified by the Florida Bar in real estate law, a renowned speaker for the Miami Realtors and Fort Lauderdale Board of Realtors, and a representative of national and international real estate investors and major banks in Florida, Founding Attorney Steven Wallace provides our firm with an unrivaled level of expertise. This knowledge ultimately allows our firm to deliver swift, cost-effective, and successful results to our real estate clients. When handling sales, The Wallace Law Group recognizes the nuances of each particular closing transaction to effectively handle all aspects of the transaction, including the following:

  • Thorough review of all documents
  • Review of sales agreements, disclosure agreements, mortgage documents, and tax concerns
  • Counsel and advice prior to and during closing
  • Title searches
  • Drafting documents and contracts
  • Negotiation and / or litigation should complications or liability issues arise

Board certified by the Florida Bar in Real Estate Law, Owner and Founding Attorney Steven Wallace has the expertise needed to guide clients through the process of selling their home. He is also an approved title agent for Old Republic National Title Insurance Company. Clients can benefit from his ability to clarify complex legal concepts into easily digestible terms and his willingness to ensure that clients are fully educated and informed about their rights and obligations as a seller.

Title Insurance– In addition to The Wallace Law Group’s experience handling high-level, sophisticated residential and commercial transactions, the firm has successfully assisted clients saddled with distressed real estate loans, including transactions dealing with heavy title issues. Able to represent clients in all counties throughout Florida, we offer our services to developers, owners, real estate investment trusts, national and international investors, and other parties. Attorney Wallace is also an approved title agent for Old Republic National Title Insurance Company.

Landlord/Tenant– When an apartment, condo, house, or business space is rented out, a legal relationship is created, bestowing various rights and obligations on both parties, the tenant and the landlord. If either party fails to comply with their respective responsibilities, a legal cause of action may be created, and a lawsuit may be initiated by the aggrieved party. The state statutes governing landlord/tenant relationships can be extremely complicated and requires a legal team which is well-versed in the nuances of such legal relationships. Whether you are a residential or commercial renter, property owner, investor, or property management company, it would be ideal for you to engage legal counsel prior to entering into any landlord-tenant relationship to assure that the rights and obligations of your legal relationship are clearly set forth to reduce exposure to unnecessary legal disputes and maximize the potential of such a business relationship. 

Florida’s landlord-tenant law varies in residential and commercial leases. The attorneys at The Wallace Law Group are knowledgeable and experienced in both areas. Our team has vast experience in both the transactional aspects of landlord-tenant law as well as litigation, should disputes arise. Disputes may sometimes be resolved with a simple letter written by a knowledgeable attorney, and sometimes they require litigation. In either situation, it is always best to resolve disputes with the help and guidance of an experienced landlord-tenant attorney.

Some of the landlord-tenant matters that we handle include the following:

§  Lease drafting and negotiation

§  Evictions

§  Failure to pay rent

§  Problems with property upkeep

§  Repairs

§  Abandonment

§  Ground leases

§  Implied warranty of habitability issues

§  Quiet enjoyment claims

§  Discriminatory practices

§  Security deposit claims

 

FSBO– Selling your home without the assistance of a realtor can save a considerable amount of money. It remains, however, a complex legal matter. In addition to ensuring a smooth transaction, The Wallace Law Group can provide homeowners with personalized and comprehensive assistance to ensure that mistakes and errors are eliminated and that transactions are closed with maximum financial benefit.

Board certified by the Florida Bar in Real Estate Law, Owner and Founding Attorney Steven Wallace has the expertise needed to guide clients through the process of selling their home. He is also an approved title agent for Old Republic National Title Insurance Company. Clients can benefit from his ability to clarify complex legal concepts into easily digestible terms and his willingness to ensure that clients are fully educated and informed about their rights and obligations as a seller. Our services include: 

  • Drafting and review of purchase and sale agreements
  • Coordinating transactions and preparing closing documentation
  • Compliance with local and federal regulations
  • Thorough representation during closing, including review of sales contract, title, liens, and other title encumbrances; and preparation of closing documentation.

Foreign Investment– The Wallace Law Group has represented a diverse range of clients, including individuals, small businesses, corporate investment trusts, and national investors. Our firm also maintains an active practice guiding foreign investors through the complexities of an unfamiliar financial and legal climate. We provide comprehensive legal counsel for foreign investment groups and individuals in need of identifying and pursuing real estate investment opportunities.

Foreign citizens account for roughly 19% of all Florida residential sales, according to the National Association of Realtors. With new investor programs, they are also becoming a prominent driving force behind the state’s improving commercial real estate market and new trends in increased construction financing. Our firm offers our full support and assistance to foreign investors looking to improve our local economic climate through real estate investments.

Litigation– Sometimes while conducting business disputes arise between you and the other party. Such disputes can result from disagreements in contract interpretation or failure by a party to adhere to its duties and obligations set forth by an agreement. Our team has experience in all areas of business litigation including and is available to assist you in enforcing your rights in the following areas of practice:

  • Breach of Fiduciary Duty
  • Business Fraud
  • Contract Disputes
  • Copyright and Trademark Infringement
  • Defamation, Libel, and Slander
  • Non-Compete Agreements
  • Partnership and Shareholder Disputes
  • Landlord/Tenant Disputes
  • Quiet Title Actions
  • Foreclosure Defense and Foreclosure Prosecution
  • Tortious Interference
  • Trade Secret Litigation
  • Unfair Business Practices

Financing– The Wallace Law Group, PL counsels and represents owners, developers, lenders, banks, and investors in a variety of mortgage financing strategies and transactions. Our firm has experience in negotiating and documenting a full assortment of loans and can facilitate complex real estate transactions involving traditional lending sources, securitized lending, mezzanine financing, conduit financing, and others. We also assist in facilitating financing of development activities. With a solid understanding of your situation, needs, and objectives, we can evaluate financing options with the intent to maximize your advantages, incentives, tax credits, and overall financial vitality.

Our mortgage financing services include:

  • Loan originations, refinancing, and workouts
  • Structuring, negotiating, and documenting commercial lending transactions
  • Litigation involving transactions and financing
  • Restructuring of real estate loans inside and outside of bankruptcy
  • Transactions involving residential property and commercial property, including vacant land, retail, industrial, office, hotel, mixed use, and multi-family housing
  • Purchase assignments, extension and modification agreements, consolidation
  • Development activities and construction financing
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