Florida residents may learn to live with some of the idiosyncrasies of their homes. An individual may know where their floors squeak or which drawers stick when they try to pull them out. Because they become accustomed to their homes' quirks, they may learn to live with issues that could otherwise be repaired. When it comes time to sell their homes, however, they may have to disclose the problems they have put up with to their prospective buyers.
Having one's home taken through eminent domain can impose a significant upheaval in the life of a Florida family. However, the challenges of vacating a property and finding a new place to live can be just as hard for commercial businesses. In Orlando, around two dozen businesses will have to find new places to operate due to a taking of the Crossroads of Lake Buena Vista retail center.
The Fifth Amendment to the United States Constitution ensures that private citizens may not have their land taken from them for public use without just compensation. This provision is often referred to as the "Takings Clause" of the Bill of Rights, and Floridians often rely on it when they believe that the government is attempting to deprive them of their property. While a direct taking of someone's land is a clear example of what the founders may have anticipated when they drafted the Fifth Amendment, changes in land use laws may also constitute takings of private citizens' property.
Securing the right space for one's business can be a difficult process for a Florida resident. Not only must the space meet the zoning and operational requirements of the business, but it must also be affordable and must be capable of meeting the business's changing needs. Because businesses' successes can be variable, many entities choose to rent space rather than buy to avoid the costs associated with property ownership.
The decision to purchase a home rather than continuing to rent from others is a very big deal. A Floridian may save their money for years just to have the opportunity to get into the housing market and, when they do, they will want to be sure they are making a good decision about the property they buy. This post offers some general considerations for new home buyers when they begin the home buying process.