In South Florida and around the country, commercial real estate has rebounded strongly since the last recession. Yet as recent gyrations in the commodities, currency and stock markets demonstrate, fortunes revert.
It therefore benefits anyone involved in commercial real estate — particularly receivers, lenders and investors — to heed the Uniform Commercial Real Estate Receivership Act, just enacted by the Uniform Law Commission. The ULC is a group of 350 commissioners appointed by states and territories to bring clarity and consistency to various laws.
