Real Estate Law Insights

What is Due Diligence in Commercial Real Estate?

  WHAT IS “DUE DILIGENCE”? The purpose of a due diligence investigation is to enable the buyer to discover as much as possible about the property before he or she is obligated to buy it.  This includes discovering information that the seller may not want the buyer to know or perhaps information of which the […]

City of Anna Maria Adopts Deadline for Harris Act Claims

The City of Anna Maria adopted a comprehensive Vacation Rental Ordinance (“VRO”) in April of 2015.  This VRO was challenged in court, and was subsequently amended a number of times by the City prior to the final version being adopted on November 19, 2015.  Amongst other regulations, the VRO places a limit on the maximum […]

Homestead Exemption: What You Should Know

As we near the end of the year, now is the time for purchasers of new residences to consider the Florida homestead exemption and the many benefits it offers. To be entitled to receive a homestead exemption in 2017, you must be the owner of record of your property and have established Florida residency by […]

Foreign Investment in Real Property Tax Act: Increase in Withholding Rate

Buyers and sellers of United States real estate should be aware of new changes to the Foreign Investment in Real Property Tax Act (FIRPTA) which affects closings occurring on or after February 16, 2016. When a foreign seller disposes of a United States real property interest, FIRPTA requires the buyer to deduct and withhold a […]

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