Coronavirus COVID-19 REAL ESTATE TASK FORCE | Jordan + Lawyers remains open and operational during this time. Learn More Here

img_2262By:  Alejandro E. Jordan, Esq.

The current COVID-19 Coronavirus crisis is having a critical impact on the Mortgage Industry, which could potentially make the 2008 financial crisis pale in comparison.

This short read will break down for you, in an easy to read format, exactly what the Mortgage Industry is up against and how servicers are being impacted by the current environment.  It will also cover how the Fed, who is trying to help, is only making things worse due to unintended consequences.

Perhaps most importantly, we will cover steps that the Fed should take to help minimize the damage done by this crisis.

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JordanLawyers-ICON-Dark-241x300By:  Alejandro E. Jordan, Esq.

Q: Are you now a new law firm?
A: Absolutely not. We have a new logo, messaging and website (launching 4/01/2020) to better reflect the firm we are today – a firm that remains on the forefront of real estate representation and cost-effective solutions.

Q: Why did you rebrand?
A:  The firm has evolved over the years.  We upgraded our imagery to capture our entrepreneurial spirit, our passion, and our unwavering commitment to our clients which we serve.

Q: Did you change your name?
A: We did not. We’ve chosen to identify ourselves by the shortened version Jordan + Lawyers, which relates to our ability to provide tactical and proactive guidance to our client’s needs through our multidisciplinary relationships in both the real estate and legal arenas.  Our legal name, however, remains Jordan Pascale, P.L.  It’s on our website and in much of our correspondence.

Q: Where do I send my emails?
A: Either email addresses are fine.  You can still email ajordan@jordanpascale.com; or to our new email addresses:

For Business/Real Estate Litigation Matters:      ajordan@jordanlawyers.law

For Real Estate Closings, Title + Escrow:             ajordan@esqtitle.law

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img_2262By:  Alejandro E. Jordan, Esq.

As mentioned in our previous post, the number of COVID-19 coronavirus (“Coronavirus”) cases continues to increase, and with the World Health Organization raising its threat assessment of Coronavirus to its highest level, businesses in Miami-Dade and Broward Counties are becoming increasingly aware of the many challenges that are ahead.

At Jordan + Lawyers, we have established a Legal/Real Estate Task Force focused on Coronavirus-related issues. Our aim is to provide guidance and plan for solutions to clients’ business and legal needs.  Below, we address some of the important issues business owners and individuals should consider:

Real Estate Transactions

General:

  • Consider whether a transaction will be delayed or impacted due to the Coronavirus (for example, travel restriction-related delays, delays in conducting due diligence, a delay in signing a lease or guaranty because the parent company of a tenant is based in an impacted area, delayed inspection of construction progress, unscheduled holidays delaying deadlines, supply chain issues — see below — etc.).
  • Consider options to mitigate the impact on construction projects of the supply chain effects and consider rights and remedies under construction contracts.
  • In order to mitigate any slowdowns in transactions, property owners and brokers should consider new technologies allowing for virtual tours of assets to be used in place of physical asset tours and inspections.
  • Prepare for a spike in litigation due to construction delays, missed deadlines on purchase and sale agreements, leases and contracts generally.
  • Prepare for potential default claims.

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img_2262By:  Alejandro E. Jordan, Esq.

As the number of COVID-19 coronavirus (“Coronavirus”) cases continues to increase, and with the United States raising its threat assessment of Coronavirus to its highest level, business owners must be proactive in addressing and finding solutions to save their assets before it’s be too late to recover.

This Article will address real solutions and strategies for small retail businesses facing distress. This Article also addresses various restructuring and liquidation options that small retail businesses may consider, including bankruptcy, liquidation, and out-of-court alternatives.

img_2262By:  Alejandro E. Jordan, Esq.

Effective January 1, 2020, the Florida state tax imposed rate per Florida Statutes section 212.031 on the total rent charged for renting, leasing, letting, or granting a license to use real estate property in the State of Florida is decreased from 5.7% to 5.5%.  This includes lease rent collected from retail spaces, offices, warehouses, and self-storage units or warehouse office combinations.

The reduction only applies to the state level tax – the local county option taxes are still in full effect.

img_2262By:  Alejandro E. Jordan, Esq.

You aced torts and contracts, but no one in law school explained the business of running a law firm.  So, here you are in a solo or small firm trying to manage important cases while hiring a receptionist or selecting office furniture.  As the price per square foot of office space for Class A office space continues to skyrocket in areas like Coral Gables and Downtown Miami, Florida, overhead costs for fixed operating expenses such as office lease and rent expenses become extremely challenging to budget for many solo practitioners, small and mid-sized law firms and legal professionals.

Shared office space may be the solution to give you more free time and the opportunity to network with attorneys from a variety of fields.

https://www.floridarealestatelawyersblog.com/files/2018/11/esq.suites-LOGO-300x114.jpgAttorneys only 

Going with a solo or small practice doesn’t mean you have to go it alone.   Office sharing means attorneys like you will be just across the hall for consultation on a case or a discussion of the impact of a new law.  These associations could lead to referrals from esq.suitemates that recognize your expertise in a particular field.

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img_2262By:  Alejandro E. Jordan, Esq.

When you work as an attorney, client confidentiality and service is vital to your success.  If you don’t have a professional office, or you need additional conference space than what you have, it’s time to consider creative ways to enhance your ability to serve your clients. With flexible law office space in Downtown Miami and Coral Gables, Florida, you have choices.  Esq.suites offers a professional environment exclusive to legal professionals who need an efficient space in which to work.

For small to mid firm attorneys, solo practitioners or attorneys who are from out-of-town, esq.suites is ready to help.  They offer short-term or long-term rentals for lease to attorneys who already have a home office but need a space in the area to conduct business, or solo practitioners and small firms that need a new place to call their headquarters.  The team at esq.suites understands how important legal work is, and are ready to support your business in a professional, headache-free environment.

In ahttps://www.floridarealestatelawyersblog.com/files/2018/11/esq.suites-LOGO-300x114.jpg professional where one mistake can ruin your career, shared office space for legal professionals is the answer.  Instead of trying to get your work done on the fly, spending time in your car or local coffee shops, esq.suites offers a community to attorneys with flexible rental Continue Reading

img_2262By:  Alejandro E. Jordan, Esq.

This Article provides you with tips to create a concise and effective negotiation checklist and the key points you should consider when negotiating a lease in a multi-tenant office building.

This Article also highlights key provisions you should pay close attention to often found in office leases.

At initial glance, a 20, 30 and sometimes 40 page commercial office lease agreement may seem daunting.  However, with a properly drafted checklist, a savvy negotiator can swiftly navigate this legal document by making sure that all of the key provisions of the lease have been accounted for (or at least, that you know what you are getting yourself into before you are bound by its terms).  A wise person once said, “Organization is the key to success.”

A good summary or checklist can be a useful tool for tenants to:

  • Keep track of on-going lease negotiations.
  • Quickly reference the key provisions in your lease.
  • Summarize the final key terms of your final executed lease.

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JordanPascale_BlogImage-300x215If you are reading this, NOW is the PERFECT time to get ahead and make sure you are most prepared to deal with the before and after effects of the Storm.  Locate your Auto, Boat, and Homeowners Insurance policies and make sure they are in effect and in good standing.  If you have any questions about your policies, reach out to your insurance agent immediately. 

Remember to take pictures or video with your smart phone before the StormTake pictures or even video tape the outside to show every corner of your home, the inside of your ceiling to show there were no leaks.  Take pictures and video around your windows from the inside to show there were no water stains before the storm.  Take pictures or video of all your furniture, TV’s and all electronics so you can show that you did own them prior to the storm.  It is most common for insurance companies to claim that damages were there prior and will likely not approve your claims unless you have some evidence (THE MORE EVIDENCE THE BETTER!)

If you have any questions, do not hesitate to contact us anytime at 305-501-2836.  We are here to help and assist you in any way we can. 

Below is a comprehensive list of “things to do” we received and would like to share with everyone to help in your preparation: 

1.       Charge any device that provides light. Laptops, tablets, cameras, video cameras, and old phones. Old cell phones can still used for dialing 911. Charge external battery back ups.  Continue Reading

JordanPascaleLogoIn a previous post, we established an over-arching general understanding of Partition Actions and their applications.  Now let’s investigate some of the details of common Partition Actions.

As with every facet of the justice system, proper procedure is a must in all court filings for Partition Actions.  As detailed in Florida Statute 64.041, the initial Complaint in a Partition Action must include the following:

  • A legal description of the property in question;