9. Law Office of David Steinfeld, P.L. What due diligence do I need to do before buying Florida real estate When the Florida Supreme Court decided the Johnson vs. Davis case in 1985, it announced a distinction between commercial and residential real property. Buyer beware or caveat emptor still applies in commercial real estate transactions so purchasers must perform pre-purchase due diligence but residential sellers have an obligation to disclose known material defects to buyers.
In this video Board Certified expert business lawyer David Steinfeld explains the differences between commercial and residential real estate, the pre-closing due diligence requirements of both, and commonly litigated issues in commercial real estate. Mr. Steinfeld has handled many commercial and residential property disputes and won jury trials for buyers where residential sellers failed to disclose defects and for sellers accused of the same.
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