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According to a real estate professional and author, vacant office space due to a work from home workforce could lead to an opportunity to build more affordable housing in South Florida.
Vacant possession refers to the typical condition in which a seller must hand over a property to a buyer upon completion, or a tenant must return the property to a landlord at the end of a lease. In simple terms, it means that the rightful person, such as a buyer or a landlord, can peacefully and fully utilize the property.
The process, which varies between cities and states in the United States, is often used for large-scale real estate development, where alleys cutting through city blocks are closed for a large building. City laws may require public benefits and other types of compensation in exchange for the approval of a street vacation.
A team that does not currently have a manager, a president, or a home stadium; In combat sports such as boxing and Mixed martial arts, as well as in Pro Wrestling, the term vacant is used when a championship does not currently not have a champion, this often occurs if a current champion is unable to defend a title. This is often due to reasons ...
Take office real estate, which accounts for most of the now-sold properties referred to in the WSJ article. Some companies are mandating a return to office, and New York City’s mayor has met ...
Constructive eviction is a circumstance where a tenant's use of the property is so significantly impeded by actions under the landlord's authority that the tenant has no alternative but to vacate the premises. [1] The doctrine applies when a landlord of real property has acted in a way that renders the property uninhabitable. Constructive ...
Ken H. Johnson, a real estate economist at Florida Atlantic University and a former real estate broker, says the new rules just add another layer of complexity to an already-confusing process.
According to Real Capital Analytics, a New York real estate research firm, more than $160 billion of commercial properties in the United States are now in default, foreclosure, or bankruptcy. In 2024, office leasing volume rose to its highest level since 2020, but roughly 60% of active office leases went into effect prior to the pandemic. [5]
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