Selling My Property With A Tenant In Miami-Dade

State:
Multi-State
County:
Miami-Dade
Control #:
US-00418
Format:
Word; 
Rich Text
Instant download

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Description

The Asset Purchase Agreement is a legal document designed for the sale of assets between a seller and buyer, beneficial when selling property with a tenant in Miami-Dade. This form outlines the assets being sold, liabilities assumed by the buyer, and the total purchase price. It includes details on the payment structure and additional agreements needed for the transaction, such as non-competition and consulting agreements. The document requires customization to fit the specific facts of the transaction, ensuring that all pertinent provisions relevant to the sale and conditions set by the parties are included. Key features include sections on representations and warranties, covenants of both parties, and conditions precedent to obligations. For the target audience, which includes attorneys, partners, owners, associates, paralegals, and legal assistants, this form is essential for facilitating smooth transactions, protecting the interests of all parties, and providing a clear legal framework for asset transfer. It serves as a comprehensive guide to ensure that all necessary aspects of the sale and the rights and responsibilities of the parties are properly addressed.
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  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale
  • Preview Asset Purchase Agreement - Business Sale

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FAQ

Yes, the landlord can sell the property. If you have a lease, it must be honored by the new owner. If you have no lease, and are a month to month tenant, the new owner can ask you to leave, subject to whatever notification is required in your state.

In Florida, if you have a month-to-month lease and your landlord wants to sell, they are legally required to give you a written notice of at least 15 days before the end of your rental period. This means they can't just spring a move-out date on you. Let's say your rent is due on the first of every month.

The personal representative of a Florida estate can sell real property during probate administration.

On August 17, 2024, Realtors that represent Sellers are no longer required to offer commission to the Buyer's Agents. As a result, Buyers will have to sign a separate agreement with a Realtor.

Unlicensed Practice of Real Estate is a Third Degree Felony in Florida. Under Florida Statute 475.42(1)(a), the crime of Unlicensed Practice of Real Estate is committed when a person engages in real estate activities listed under Florida Statute 475.01(1)(a) without a real estate license for compensation.

No, your lease does not automatically terminate. In Florida, leases are typically “binding” on the new owner, meaning your current lease terms remain effective until the lease expires. However, the new owner can terminate your lease upon a 30-day notice, but they must provide cause for termination.

They can sell the house, and they can delegate someone else to be the 'owner' of the lease, but they can't terminate the lease. The lease stays with the property. The new landlords don't have to renew the lease when it's up, but they have to honor this original lease.

The landlord cannot make the late penalty too high, he cannot include provisions that make you forfeit your personal property without going to court, nor can he throw you out without going to court for nonpayment of rent. These are illegal provisions and will not be recognized by the courts.

The new buyer must honor the lease terms, including the rental amount, lease duration, and deposit terms. For month-to-month renters, the new landlord must still provide written notice (usually 15 days for month-to-month agreements under Florida law) if they want to terminate the agreement after the sale.

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Selling My Property With A Tenant In Miami-Dade